NEW YORK, March 8, 2013 /PRNewswire/ -- Morgan &
Morgan is investigating potential claims against the Board of
Directors of Hot Topic Inc. ("Hot Topic" or the "Company")
(Nasdaq: HOTT) for possible breaches of fiduciary duty and
other violations of state law in connection with the sale of the
Company to Sycamore Partners. Under the terms of the
transaction, Hot Topic shareholders will receive $14.00 per share in cash for each share of Hot
Topic they own. The transaction values Hot Topic at
approximately $600 million.
If you are a current shareholder of Hot Topic and are interested
in learning more about the Hot Topic takeover lawsuit please
contact George Pressly, Esq.
at 1 (800) 631-6234 or email George at
info@morgansecuritieslaw.com.
Our investigation concerns whether Hot Topic's Board of
Directors breached its fiduciary duties to act in the best
interests of Hot Topic shareholders and to take all necessary steps
to ensure that Hot Topic shareholders receive the maximum value
readily available for their shares of Hot Topic common stock.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law firms.
In addition to securities fraud and breach of fiduciary duty cases,
the firm also practices in the areas of antitrust, personal injury,
consumer protection, overtime, and product
liability. All of the Firm's legal endeavors are rooted
in its core mission: provide investor and consumer protection and
always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar
outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-631-6234
info@morgansecuritieslaw.com
SOURCE Morgan & Morgan
