Press release from Business Wire
Rigrodsky & Long, P.A. Investigates JAKKS Pacific, Inc.
Wednesday, September 14, 2011
Rigrodsky & Long, P.A. Investigates JAKKS Pacific, Inc.11:15 EDT Wednesday, September 14, 2011 WILMINGTON, Del. (Business Wire) -- Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of JAKKS Pacific, Inc. (“JAKKS” or the “Company”) (Nasdaq: JAKK) concerning possible breaches of fiduciary duty and other violations of law related to the Company's receipt of a proposal from Oaktree Capital Management, L.P. (“Oaktree”), to acquire the remainder of the Company it does not already own for $20.00 per share in cash (the “Proposal”). Click here to learn more and how to join the action: http://investigations.rigrodskylong.com/jakkspacificinc-jakk/. The Proposal contemplates Oaktree's acquisition of all of the outstanding shares of common stock of JAKKS it does not already own for $20.00 per share in cash. Oaktree already owns approximately 4.9% of the Company's outstanding common stock. The investigation concerns whether JAKKS' board of directors is adequately shopping the Company and working to obtain the best price possible for JAKKS' shareholders. Indeed, according to Yahoo! Finance, at least one analyst has issued a price target for $24.00 per share for JAKKS stock. If you own the common stock of JAKKS and purchased your shares before September 14, 2011, 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, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, 19801, by telephone at (888) 969-4242, or by e-mail to firstname.lastname@example.org. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome. Rigrodsky & Long, P.A.Seth D. Rigrodsky, EsquireNoah R. Wortman, Case Development Director888-969-4242302-295-5310Fax: email@example.com://www.rigrodskylong.com