The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of The Jones Group Inc. (NYSE:JNY) (“JNY”) state law in connection with the sale of the Company to Sycamore Partners.
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Under the terms of the transaction, JNY shareholders will receive $15.00 for each share of JNY stock they own. The investigation concerns whether the JNY Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company to obtain the best possible value for JNY shareholders. In particular, at least one analyst set a price target for JNY stock at $18.00 per share.
If you own common stock in JNY and wish to obtain additional information, please contact Vincent Wong, Esq. either via email
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Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.