SHAREHOLDER ALERT: Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Physicians Formula Holdings, Inc. In Connection With The Sale Of The Company To Swander Pace Capital
NEW YORK, Aug. 20, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Physicians Formula Holdings, Inc. ("Physicians Formula" or the "Company") (NasdaqGS: FACE) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to affiliates of Swander Pace Capital. (Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO) Click here to learn more about the investigation: http://zlk.9nl.com/physicians-formula-holdings-face, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, Physicians Formula shareholders will receive $4.25 per share of Physicians Formula stock they own. The transaction has a total approximate value of $65 million. The investigation concerns whether the Physicians Formula Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Swander Pace Capital is underpaying for Physicians Formula shares, thus unlawfully harming Physicians Formula stockholders. In particular, at least one analyst set a price target for Physicians Formula stock at $5.00 per share. If you own common stock in Physicians Formula and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/physicians-formula-holdings-face. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Levi & Korsinsky, LLP Joseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com
Shares of Physicians Formula Holdings (Nasdaq:FACE) have taken a tremendous swing upward. The stock is trading at $3.55 as of 10:58 a.m. ET, 21.6% above Tuesday's closing price of $2.92. Volume is at 600, zero times the daily average of 15,400.
Shares of Physicians Formula Holdings (Nasdaq:FACE) have taken a tremendous swing upward. The stock is trading at $3.43 as of 11:49 a.m. ET, 21.6% above Thursday's closing price of $2.82. Volume is at 9,183, 0.5 times the daily average of 18,700.