BALA CYNWYD, Pa. -- (Business Wire)
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 firstname.lastname@example.org,
or by calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Source: Brodsky & Smith, LLC
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