SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of A...
06 February 2014 - 7:41AM
Business Wire
Rigrodsky & Long, P.A. announces a complaint alleging
breaches of fiduciary duty and other violations of law has been
filed in Delaware Court of Chancery against the board of directors
of Arden Group, Inc. (“Arden” or the “Company”) (NASDAQ GM: ARDNA)
in connection with the Company’s entry into an agreement to be
acquired by global private investment firm TPG, in a transaction
valued at approximately $394 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/arden-group-inc-ardna.
Under the terms of the agreement, public shareholders of Arden
will receive $126.50 per share in cash for each share of Arden they
own.
The complaint alleges that Arden’s board of directors failed to
adequately shop the Company and obtain the best possible value for
Arden’s shareholders before entering into an agreement with
TPG.
If you own the common stock of Arden, purchased your shares
before December 20, 2013, and would like to learn more about these
allegations, please contact Seth D. Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, Delaware 19803; by telephone at (888) 969-4242; by
e-mail to info@rl-legal.com; or at:
http://www.rigrodskylong.com/investigations/arden-group-inc-ardna.
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.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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