NEW YORK, Jan. 25, 2013
/PRNewswire/ -- Morgan & Morgan is investigating potential
claims against the board of directors of K-Swiss, Inc.
("K-Swiss")(Nasdaq: KSWS) concerning the proposed sale of K-Swiss
to E.Land World Ltd., a South Korean fashion and retail
company.
If you are a current shareholder of K-Swiss and are interested
in learning more about our K-Swiss merger investigation, please
contact George Pressly, Esq.
at 1 (800) 631-6234 or email George at
info@morgansecuritieslaw.com.
Under the terms of the proposed deal valued at approximately
$170 million, K-Swiss shareholders
will only receive $4.75 in cash for
each share of K-Swiss stock owned, which is below at least one
analyst's estimate of $5.60 per
share. The merger is expected to close in the second quarter of
2013.
Our investigation concerns whether K-Swiss Board of Directors
has breached its fiduciary duties to act in the best interests of
K-Swiss shareholders and to take all necessary steps to ensure that
K-Swiss shareholders receive the maximum value readily available
for their shares of K-Swiss common stock.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law firms.
In addition to securities fraud, 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