Levi & Korsinsky is investigating the Board of Directors of Christopher & Banks Corporation (“CBK” or the “Company”) (NYSE: CBK) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a merger proposal from Aria Partners (“Aria”).
Click here to learn how to join the action: http://zlk.9nl.com/christopher-banks-cbk/ , or call: 877-363-5972. There is no cost or obligation to you.
On May 21, 2012, CBK rejected a merger proposal from Aria. In a July 3, 2012 letter to the CBK Board, Aria made a second offer of $1.75 per share. The investigation concerns whether the CBK Board of Directors is acting in the best interest of shareholders by rejecting Aria’s original offer and allegedly refusing to engage in meaningful conversation with Aria. In their letter to the CBK Board, Aria alleges that its “attempts to do a consensual deal have been rebuffed.” The offer price represents a 50% premium over the current CBK share price.
If you own common stock in CBK and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/christopher-banks-cbk/.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.