The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Board of The Gymboree Corpo
Levi & Korsinsky is investigating the Board of Directors of The Gymboree Corporation for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Bain Capital Partners, LLC.
[USPRwire, Tue Oct 12 2010] Levi & Korsinsky is investigating the Board of Directors of The Gymboree Corporation (“Gymboree” or the “Company”) (NasdaqGS:GYMB) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Bain Capital Partners, LLC (“Bain Capital”). Under the terms of the transaction, Gymboree shareholders will $65.40 in cash for each share of Gymboree common stock, for a total transaction value of approximately $1.8 billion.
Click here to learn how to join the action: http://www.zlk.com/gymboree-gymb.html, or call: 877-363-5972.
The investigation concerns whether the Gymboree Board of Directors breached their fiduciary duties to Gymboree stockholders by failing to adequately shop the Company before entering into this transaction and whether Bain Capital is underpaying for Gymboree shares, thus unlawfully harming Gymboree stockholders. In particular, at least one analyst set a price target for Gymboree stock at $68.00 per share.
If you own common stock in Gymboree and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/gymboree-gymb.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004 Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
Levi & Korsinsky, LLP
30 Broad Street, 15th Floor
New York, NY 10004