rue 21 Inc. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of
Claims of Breaches of Fiduciary Duty by the Board of
rue21 Inc. in Connection With the Sale of the Company to Apax
NEW YORK, NY -- (Marketwired) -- 06/05/13 -- Levi & Korsinsky
notifies investors of rue21 Inc. ("rue21" or the "Company") (NASDAQ:
RUE) of claims of breaches of fiduciary duty and other violations of
state law agsinst the board of directros of the Company in connection
with the sale of the Company to the private equity firm Apax
Partners. A complaint was filed in Delaware state court.
Click here to learn more about the investigation
http://zlk.9nl.com/rue21-rue/, or call: 877-363-5972. There is no
cost or obligation to you.
Under the terms of the transaction, Apax Partners will pay $42.00 for
each share of rue21 stock it does not currently own; the private
equity firm currently owns a 30% stake in rue21. The transaction has
a total approximate value of $1.1 billion. The claims concern whether
the rue21Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into the transaction, and whether Apax Partners is
underpaying for rue21stock, thus unlawfully harming
If you own common stock in rue21 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/rue21-rue/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey 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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