Law Office of Brodsky & Smith, LLC Announces Investigation of K-Swiss, Inc.
BALA CYNWYD, Pa., Jan. 21, 2013
BALA CYNWYD, Pa., Jan. 21, 2013 /PRNewswire/ --Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of K-Swiss, Inc. ("K-Swiss" or the "Company") (Nasdaq- KSWS)
relating to the proposed acquisition by E.Land World Ltd. ("E.Land").
Under the terms of the transaction, K-Swiss shareholders will receive only
$4.75 in cash for each K-Swiss stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state law by the
Board of Directors of K-Swiss for not acting in the Company's shareholders'
best interests in connection with the sale process to E.Land. The transaction
may undervalue the Company and will result in loss for many long term K-Swiss
shareholders. For example K-Swiss stock traded at $12.39 as recently as April
27, 2011 and an analyst has set price target for K-Swiss stock at $5.60 per
If you own shares of K-Swiss stock and wish to discuss the legal ramifications
of the proposed transaction, or have any questions, you may e-mail or call the
law office of Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L. Brodsky,
Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
http://brodsky-smith.com/528-ksws-k-swiss-inc.html, by calling toll free
SOURCE Brodsky & Smith, LLC
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