Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Christopher & Banks Corporation (“CBK” or the “Company”) (NYSE: CBK) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s receipt of a proposal from Aria Partners (“Aria”) to acquire all of the outstanding shares of the Company’s common stock in a transaction valued at approximately $64.2 million.
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Under the terms of the proposal, public shareholders of CBK will receive $1.75 per share in cash for each share of CBK they own.
The investigation concerns the Company’s board of directors’ process for consideration of the proposed transaction, whether CBK is acting in its shareholders’ best interests and whether the proposed consideration to be paid to CBK’s shareholders would be fair and adequate.If you own the common stock of CBK and purchased your shares before July 3, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/christopher-banks-corporation-cbk. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.