The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Volc...
02 Maggio 2011 - 6:33PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Volcom, Inc. (“Volcom” or the “Company”) (Nasdaq: VLCM) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to a subsidiary of
PPR SA. Volcom shareholders will receive $24.50 per share of Volcom
stock they own. The transaction has a total value of approximately
$516 million.
Click here to learn how to join the action:
http://www.zlk.com/volcom-vlcm.html, or call: 877-363-5972.
The investigation concerns whether the Volcom Board of Directors
breached their fiduciary duties to Volcom stockholders by failing
to adequately shop the Company before entering into this
transaction and whether PPR SA is underpaying for Volcom shares,
thus unlawfully harming Volcom stockholders. In particular, at
least one analyst placed a price target for Volcom stock at $25 per
share.
If you own common stock in Volcom and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit http://www.zlk.com/volcom-vlcm.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard
Korsinsky, Esq.30 Broad Street - 15th FloorNew York, NY 10004Tel:
(212) 363-7500Toll Free: (877) 363-5972Fax: (212)
363-7171www.zlk.com
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