WILMINGTON, Del., March 11, 2013 /PRNewswire/ -- Rigrodsky
& Long, P.A.:
- Do you own shares of Hot Topic, Inc. (NASDAQ GS:
HOTT)?
- Did you purchase any of your shares prior to
March 7, 2013?
- Do you think the proposed buyout price is too
low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Hot Topic,
Inc. ("Hot Topic" or the "Company") (NASDAQ GS: HOTT) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to be acquired by
Sycamore Partners ("Sycamore") in a transaction valued at
approximately $600 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/hot-topic-inc-hott.
Under the terms of the proposal, public shareholders of Hot
Topic will receive $14.00 per share
in cash for each share of Hot Topic they own.
The investigation concerns whether Hot Topic's board of
directors failed to adequately shop the Company and obtain the best
possible value for Hot Topic's shareholders before entering into an
agreement with Sycamore. According to Yahoo! Finance, at
least one analyst has set a price target for Hot Topic stock at
$16.40 per share.
If you own the common stock of Hot Topic and purchased your
shares before March 7, 2013, if you
have information or would like to learn more about these claims, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Seth Rigrodsky or Brian
Long at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite
120, Wilmington, Delaware 19803,
by telephone at (302) 295-5310, or Peter
Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New
York 11530, by telephone at (888) 969-4242; by e-mail to
info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/hot-topic-inc-hott.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Brian D. Long
Peter Allocco
(888) 969-4242
(302) 295-5310
(516) 683-3516
Fax: (302) 654-7530
info@rigrodskylong.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.
