INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of ARDEN GROUP, INC.
of a Class Action Against Its Board of Directors in Connection With the Sale
of the Company to TPG -- ARDNA
NEW YORK, Jan. 15, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies
investors of Arden Group, Inc. ("Arden Group" or "the Company") (Nasdaq:ARDNA)
of claims of breaches of fiduciary duty and other violations of state law
against the board of directors of the Company in connection with the sale of
the Company to the investment firm TPG. A complaint was filed in California
Click here to learn more about the action
http://zlk.9nl.com/arden-group-ardna/, or call: 877-363-5972. There is no cost
or obligation to you.
Under the terms of transaction, Arden Group shareholders will receive $126.50
in cash for each share of Arden Group stock they own. Stockholders
representing approximately 56% of the outstanding Arden Group Class A common
stock are already expected to execute a written consent approving the
transaction. The claims concern whether the Arden Group Board of Directors
breached their fiduciary duties to stockholders by failing to adequately shop
the Company before agreeing to enter into this transaction, and whether TPG is
underpaying for Arden Group shares. In particular, Arden Group stock has
closed as high as $130.50 as recently as November 8, 2013.
If you own Arden Group common stock and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey,
Connecticut and Washington D.C. The firm's 26 attorneys have extensive
expertise in prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and shareholder
lawsuits. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
CONTACT: 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: (866) 367-6510
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