NEW YORK, Feb. 24, 2012 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Kenneth Cole Productions, Inc. (" Kenneth Cole" or the "Company") (NYSE: KCP) is breaching its fiduciary duty to its shareholders in connection with an offer by Kenneth D. Cole ("Mr. Cole"), the Company's Chairman and Chief Creative Officer, to take the Company private.
Under the terms of the offer, Kenneth Cole (KCP) shareholders will receive $15.00 in cash for each share of common stock they own. Mr. Cole currently owns approximately 47% of the Company's common stock (representing approximately 89% of the voting power). The investigation is focused on whether Mr. Cole's offer undervalues the Company's shares.
If you are interested in discussing your rights as a Kenneth Cole (KCP) shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at:(877) 779-1414or firstname.lastname@example.org. Bernstein Liebhard 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 nine years. Bernstein Liebhard LLP10 East 40th Street New York, New York 10016(877) 779-1414 www.bernlieb.com ATTORNEY ADVERTISING. © 2012 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 Mary U. Hoover. Prior results do not guarantee or predict a similar outcome with respect to any future matter. SOURCE Bernstein Liebhard LLP