Levi & Korsinsky is investigating the Board of Directors of K-Swiss Inc. (“K-Swiss” or the “Company”) (NasdaqGS: KSWS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to E.Land World Ltd. (“E.Land”). Click here to learn how to join the action: http://zlk.9nl.com/kswiss-ksws/, or call toll free 1-877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, K-Swiss shareholders will receive $4.75 for each share of K-Swiss stock they own. The transaction has a total approximate value of $170 million. The investigation concerns whether the K-Swiss Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether E.Land is underpaying for K-Swiss, thus unlawfully harming K-Swiss stockholders. In particular, at least one analyst set a price target for K-Swiss stock at $5.60 per share. If you own common stock in Premierwest 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 http://zlk.9nl.com/kswiss-ksws/. Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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.
Shares of K-Swiss (Nasdaq:KSWS) were gapping down Thursday morning with an open price 10.2% lower than Wednesday's closing price. The stock closed at $10.23 yesterday and opened today's trading at $9.19.