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Law Office of Brodsky & Smith, LLC Announces Investigation of Hot Topic, Inc.

  Law Office of Brodsky & Smith, LLC Announces Investigation of Hot Topic,
  Inc.

Business Wire

BALA CYNWYD, Pa. -- March 22, 2013

Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Hot Topic, Inc. (“Hot
Topic” or the “Company”) (Nasdaq: HOTT) relating to the proposed acquisition
by Sycamore Partners (“Sycamore”).

Under the terms of the transaction, Hot Topic shareholders will receive only
$14.00 in cash for each share of Hot Topic stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations of state law
by the Board of Directors of Hot Topic for not acting in the Company’s
shareholders' best interests in connection with the sale process to Sycamore.
The transaction may undervalue the Company as an analyst has set a $16.40 per
share price target for Hot Topic stock. The focus of the investigation is
whether the Hot Topic Board of Directors breached their fiduciary duties by
failing to conduct an adequate and fair sales process prior to agreeing to
this proposed transaction.

If you own shares of Hot Topic 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
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/552-hott-hot-topic-inc.html, or by calling toll free
877-LEGAL-90.

Contact:

Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
877-LEGAL-90
investorrelations@brodsky-smith.com
http://brodsky-smith.com/552-hott-hot-topic-inc.html
 
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