Levi & Korsinsky, LLP Announces Investigation of Physicians Formula Holdings, Inc. in Connection with the Sale of the Company...
September 06 2012 - 11:41AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Physicians Formula Holdings, Inc. (“Physicians Formula” or the
“Company”) (NasdaqGS: FACE) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to affiliates of Swander Pace Capital for $4.25 per
share.
Click here to learn more about the investigation:
http://zlk.9nl.com/physicians-formula-face, or call:
877-363-5972. There is no cost or obligation to you.
A third party has come forward, offering to purchase Physicians
Formula for $4.90 per share. The Board of Directors has not altered
its recommendation to shareholders. The investigation concerns
whether the Physicians Formula Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before entering into this transaction and whether Swander
Pace Capital is underpaying for Physicians Formula shares, thus
unlawfully harming Physicians Formula stockholders.
If you own common stock in Physicians Formula and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/physicians-formula-face.
Levi & Korsinsky is a national firm with offices in New York
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.
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