The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Cost Plus, Inc. in Connection With the Sale of the Company to Bed Bath & Beyond Inc.
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/21/12 -- Levi & Korsinsky notifies investors of Cost Plus, Inc. ("Cost Plus" or the "Company") (NASDAQ: CPWM) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Bed Bath & Beyond Inc. (NASDAQ: BBBY). A complaint was filed in California state court.
Under the terms of the transaction, Cost Plus shareholders will receive $22.00 for each share of Cost Plus stock they own. The transaction has a total approximate value of $494 million. Shareholders owning a combined 25% of the Company's outstanding shares have agreed to tender their shares. The claims concern whether the Cost Plus Board of Directors breached their fiduciary duties to Cost Plus stockholders by failing to adequately shop the Company before entering into this transaction and whether Bed Bath & Beyond Inc. is underpaying for Cost Plus shares, thus unlawfully harming Cost Plus stockholders.
If you own common stock in Cost Plus and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or .
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. 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, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 21.05.2012 - 12:49 Uhr
Sprache: Deutsch
News-ID 1116504
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