NEW YORK, Aug. 20, 2012
/PRNewswire/ -- Levi & Korsinsky is investigating the
Board of Directors of Physicians Formula Holdings, Inc.
("Physicians Formula" or the "Company") (NasdaqGS: FACE) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to affiliates of
Swander Pace Capital.
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Click here to learn more about the investigation:
http://zlk.9nl.com/physicians-formula-holdings-face, or
call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Physicians Formula
shareholders will receive $4.25 per
share of Physicians Formula stock they own. The transaction has a
total approximate value of $65
million. The investigation concerns whether the Physicians
Formula Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Swander Pace Capital is
underpaying for Physicians Formula shares, thus unlawfully harming
Physicians Formula stockholders. In particular, at least one
analyst set a price target for Physicians Formula stock at
$5.00 per share.
If you own common stock in Physicians Formula and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/physicians-formula-holdings-face.
Levi & Korsinsky is a national firm with offices in
New York and Washington D.C.
The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
The attorneys at Levi & Korsinsky have been appointed by
numerous courts throughout the country to serve as lead counsel on
behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP