Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of Volcom, Inc. (NASDAQ: VLCM). The firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Volcom in connection with their efforts to sell Volcom to PPR (FR 0000121485, PRTP.PA, PPFP).

If you own stock in Volcom and would like more information about your shareholder rights, please contact Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on our website.

On May 2, 2011, PPR and Volcom announced that they have signed a definitive merger agreement under which a new wholly owned subsidiary of PRR will make a cash tender offer to acquire all outstanding shares of Volcom for $24.50 per share. The transaction is expected to be completed in the third quarter of 2011.

The investigation focuses on whether Volcom's board is undertaking a fair process to obtain maximum value for its shareholders. On February 24, 2011, Volcom reported fourth quarter 2010 results that beat analysts' estimates. Moreover, two analysts have a price target of $25.00 for Volcom. Of particular interest, certain Volcom directors and officers, who collectively own 14.4% of the outstanding shares, have agreed to tender all of their shares in the tender offer.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/cephalon-inc/

Attorney Advertising. Past results do not guarantee a similar outcome.

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