BALA CYNWYD, Pa., July 3, 2014 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Sports Chalet,
Inc. ("Sports Chalet" or the "Company") (Nasdaq: SPCHA, SPCHB)
relating to the proposed acquisition by Vestis Retail Group, LLC
("Vestis").
Click here to learn more about the investigation
http://brodsky-smith.com/782-spcha-spchb-sports-chalet-inc.html, or
call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Sports Chalet shareholders
will receive only $1.20 in cash for
each share of Sports Chalet stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Sports Chalet for not
acting in the Company's shareholders' best interests in connection
with the sale process. The transaction may undervalue Sports Chalet
and represents a loss or no real gain for many long term Sports
Chelet shareholders. For example, on May 14, 2013, SPCHA traded at $2.22 per share and SPCHB traded at $2.18 per share. In addition, even an analyst's
extremely low price target of a $1.25
per share is above the price being paid by Vestis.
If you own shares of Sports Chalet Class A or Class B stock and
wish to discuss the legal ramifications of the investigation, 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
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/782-spcha-spchb-sports-chalet-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC