Law Firm Brower Piven Announces Investigation Of Zale Corporation Proposed Buyout

The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Zale Corporation (“Zale” or the “Company”) (NYSE: ZLC) and other violations of state law by the board of directors of Zale relating to the proposed buyout of the Company by Signet Jewelers Limited.

Under the terms of the transaction, Zale shareholders will receive $21 in cash for each share of Zale stock they own. The firm’s investigation seeks to determine, among other things, whether the board of directors of Zale breached their fiduciary duties by failing to maximize shareholder value.

If you currently own common stock of Zale and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

Copyright Business Wire 2010

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