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Morgan & Morgan Announces Investigation of K-Swiss, Inc. (NASDAQ: KSWS)

^{Published on 2013-01-25 08:00:42 - Market Wire}
 

Morgan & Morgan Announces Investigation of K-Swiss, Inc. (NASDAQ: KSWS) -- NEW YORK, Jan. 25, 2013 /PRNewswire/ --

NEW YORK, Jan. 25, 2013 /PRNewswire/ -- Morgan & Morgan is investigating potential claims against the board of directors of K-Swiss, Inc. ("K-Swiss")(Nasdaq: [ KSWS ]) concerning the proposed sale of K-Swiss to E.Land World Ltd., a South Korean fashion and retail company.

If you are a current shareholder of K-Swiss and are interested in learning more about our [ K-Swiss merger investigation ], please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at [ info@morgansecuritieslaw.com ].

Under the terms of the proposed deal valued at approximately $170 million, K-Swiss shareholders will only receive $4.75 in cash for each share of K-Swiss stock owned, which is below at least one analyst's estimate of $5.60 per share. The merger is expected to close in the second quarter of 2013.

Our investigation concerns whether K-Swiss Board of Directors has breached its fiduciary duties to act in the best interests of K-Swiss shareholders and to take all necessary steps to ensure that K-Swiss shareholders receive the maximum value readily available for their shares of K-Swiss common stock.

About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to [ securities fraud ], the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability.  All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people." 

Attorney advertising. Prior results do not guarantee a similar outcome.

Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44^th Street
Suite 2001
New York, NY  10036
1-800-631-6234
[ info@morgansecuritieslaw.com ]

SOURCE Morgan & Morgan