This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Morgan & Morgan Announces An Investigation Into The Acquisition Of True Religion (NASDAQ: TRLG) By TowerBrook Capital Partners

NEW YORK, May 13, 2013 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential legal claims against the board of directors of True Religion Apparel, Inc. ("True Religion" or the "Company") (NASDAQ:  TRLG) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by TowerBrook Capital Partners in a transaction valued at approximately $838 Million.

If you own True Religion stock and want more information about the True Religion takeover lawsuit contact George Pressly, Esq. at 1(800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.

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.

Morgan & Morgan's investigation concerns whether True Religion's Board of Directors breached its fiduciary duties to act in the best interests of True Religion shareholders and to take all necessary steps to ensure that True Religion shareholders receive the maximum value readily available for their shares of True Religion common stock.  According to Yahoo! Finance, at least one analyst has set a price target for $38.00.

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud attorneys, the firm also attorneys that practice in the areas of antitrust, personal injury, consumer protection, overtime, and product liability.  All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people." 

Attorney advertising. Prior results do not guarantee a similar outcome.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,596.86 -1.34 -0.01%
S&P 500 2,096.32 -1.72 -0.08%
NASDAQ 5,104.3610 -11.0210 -0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs