SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims
of Breaches of Fiduciary Duty by the Board of The Warnaco Group, Inc.
in Connection With the Sale of the Company to PVH Corp.
NEW YORK, NY -- (Marketwire) -- 11/16/12 -- Levi & Korsinsky
notifies investors of The Warnaco Group, Inc. ("Warnaco" or the
"Company") (NYSE: WRC) of claims of breaches of fiduciary duty and
other violations of state law against the board of the Company in
connection with the sale of the Company to PVH Corp. ("PVH") (NYSE:
PVH). A complaint was filed in New York state court.
Click here to learn more about the investigation
http://zlk.9nl.com/warnaco-group-wrc/, or call: 877-363-5972. There
is no cost or obligation to you.
Under the terms of the transaction, Warnaco shareholders will receive
$51.75 in cash and 0.1822 of a PVH common share for each share of
Warnaco stock they own, a value of approximately $64.83 per Warnaco
share. The transaction has a total approximate value of $2.9 billion.
The claims concern whether the Warnaco Board of Directors breached
their fiduciary duties to stockholders by failing to adequately shop
the Company before entering into this transaction and whether PVH is
underpaying for Warnaco shares, thus unlawfully harming Warnaco
If you own common stock in Warnaco and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit http://zlk.9nl.com/warnaco-group-wrc/.
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.
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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