THE JONES GROUP INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

Rigrodsky & Long, P.A.:
  • Do you own shares of The Jones Group Inc. (NYSE: JNY)?
  • Did you purchase any of your shares prior to December 19, 2013?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of The Jones Group Inc. (“The Jones Group” or the “Company”) (NYSE: JNY) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by affiliates of Sycamore Partners (“Sycamore”), in a transaction valued at approximately $2.2 billion, including net debt.

Click here to learn more: http://www.rigrodskylong.com/investigations/the-jones-group-inc-jny.

Under the terms of the agreement, public shareholders of The Jones Group will receive $15.00 per share in cash for each share of The Jones Group they own.

The investigation concerns whether The Jones Group’s board of directors failed to adequately shop the Company and obtain the best possible value for The Jones Group’s shareholders before entering into an agreement with Sycamore. According to Yahoo! Finance, at least one analyst has issued a price target for The Jones Group stock at $18.00 per share.

If you own the common stock of The Jones Group and purchased your shares before December 19, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/the-jones-group-inc-jny.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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

Copyright Business Wire 2010

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