The Law Firm of Weiss & Lurie Investigates the Acquisition of Volcom Inc.
02 Maggio 2011 - 10:16PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Volcom Inc. (NASDAQ
GS: VLCM) arising from its proposed acquisition by PPR, the French
luxury goods group that controls Gucci and Puma.
Under the terms of the acquisition agreement, Volcom
stockholders will receive $24.50 per share in an all-cash tender
offer. The acquisition is expected to close in the third quarter of
2011.
Weiss & Lurie is investigating whether Volcom’s Board acted
in the best interests of shareholders in approving the transaction
and whether the Board properly sought to maximize shareholder
value. At least one analyst set a price target of $25.00 for Volcom
stock.
If you own Volcom shares and would like more information about
your rights as a shareholder or additional information concerning
our investigation, please contact Michael A. Rogovin either by
email at info@weisslurie.com or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at info@weisslurie.com or fill out the form on our
website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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