Law Office of Brodsky & Smith, LLC Announces Investigation of
K-Swiss, Inc.
BALA CYNWYD, Pa., Jan. 21, 2013 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of K-Swiss, Inc.
("K-Swiss" or the "Company") (Nasdaq- KSWS) relating to the
proposed acquisition by E.Land World Ltd. ("E.Land").
Under the terms of the transaction, K-Swiss shareholders will
receive only $4.75 in cash for each
K-Swiss stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of K-Swiss for not acting in the Company's
shareholders' best interests in connection with the sale process to
E.Land. The transaction may undervalue the Company and will result
in loss for many long term K-Swiss shareholders. For example
K-Swiss stock traded at $12.39 as
recently as April 27, 2011 and an
analyst has set price target for K-Swiss stock at $5.60 per share.
If you own shares of K-Swiss stock and wish to discuss the legal
ramifications of the proposed transaction, 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 visiting
http://brodsky-smith.com/528-ksws-k-swiss-inc.html, by calling toll
free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC