NEW YORK, Dec. 24, 2013 /PRNewswire/ -- Bernstein
Liebhard LLP is investigating whether the Board of Directors of
Arden Group, Inc. ("Arden Group" or the "Company") (NASDAQ:ARDNA)
breached its fiduciary duty to its shareholders in agreeing to sell
Arden Group to TPG.
(Logo: http://photos.prnewswire.com/prnh/20120202/MM47134LOGO
)
Under the terms of the agreement, Arden Group shareholders will
receive $126.50 in cash for each
share they own. The investigation is focused on the potential
unfairness of the price to Arden Group shareholders and the process
by which the Arden Group Board of Directors considered and approved
the transaction.
If you are interested in discussing your rights as an Arden
Group stockholder, with no obligation or cost to you, please
contact U. Seth Ottensoser at:
(877) 779-1414
or
Ottensoser@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of securities,
consumer and shareholder rights cases and recovered over
$3 billion for its clients. It
has been named to The National Law Journal's "Plaintiffs'
Hot List" in each of the last eleven years.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2013 Bernstein Liebhard LLP. The
law firm responsible for this advertisement is Bernstein Liebhard
LLP, 10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for
this advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
SOURCE Bernstein Liebhard LLP