Law Office of Brodsky & Smith, LLC Announces Investigation of K-Swiss, Inc.
BALA CYNWYD, Pa. -- January 29, 2013
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 share of 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 share.
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, or by calling toll free
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
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