NEW YORK, May 10, 2013 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of True Religion Apparel, Inc. ("True Religion" or the "Company") (NASDAQ: TRLG) breached its fiduciary duty to its shareholders in agreeing to sell True Religion to TowerBrook Capital Partners.
Under the terms of the agreement, True Religion shareholders will receive $32.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to True Religion shareholders and the process by which the True Religion Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a True Religion stockholder, with no obligation or cost to you, please contact
U. Seth Ottensoser at:
(877) 779-1414 or Ottensoser@bernlieb.com.