DALLAS, May 10, 2013 LawFuel – Class Action Lawsuit News — Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of True Religion Apparel, Inc. (“True Religion”) (nasdaqgs:TRLG) to TowerBrook Capital Partners L.P. for shareholders.
Under the terms of the proposed sale valued at approximately $835 million, True Religion shareholders will only receive $32.00 in cash for each share of True Religion stock owned, well below at least one analyst’s estimate of $38.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org. There is no cost or fee to you.
The True Religion sale investigation centers on whether True Religion’s shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues True Religion’s stock, and whether True Religion’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, at least one analyst with Yahoo! Finance has estimated that the true inherent value of True Religion stock could be as high as $38.00 per share. According to shareholder rights attorney Willie Briscoe, “due to the size of the deal, analysts’ estimates, the lack of a significant premium and other factors, we believe this transaction may undervalue True Religion’s stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.