BALA CYNWYD, Pa.
Jan. 21, 2013
/PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of K-Swiss, Inc. ("K-Swiss" or the "Company") (Nasdaq- KSWS) relating to the proposed acquisition by E.Land World Ltd. ("E.Land").
Under the terms of the transaction, K-Swiss shareholders will receive only
in cash for each K-Swiss stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of K-Swiss for not acting in the Company's shareholders' best interests in connection with the sale process to E.Land. The transaction may undervalue the Company and will result in loss for many long term K-Swiss shareholders. For example K-Swiss stock traded at
as recently as
April 27, 2011
and an analyst has set price target for K-Swiss stock at
If you own shares of K-Swiss stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602,
Bala Cynwyd, PA
19004, by e-mail at
, by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC