Press release from Business Wire
Faruqi & Faruqi, LLP Announces Investigation of JAKKS Pacific, Inc.
Wednesday, September 14, 2011
Faruqi & Faruqi, LLP Announces Investigation of JAKKS Pacific, Inc.19:00 EDT Wednesday, September 14, 2011 NEW YORK (Business Wire) -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of JAKKS Pacific, Inc. (“JAKKS” or the “Company”) (NASDAQ: JAKK) for potential breaches of fiduciary duties in connection with their conduct related to the proposed sale of the Company to Oaktree Capital Management, L.P., one of JAKKS's largest shareholders, with a current collective stake of approximately 4.9% of JAKKS' common shares, in an all-cash deal valued at about $670 million. Under the terms of the proposed transaction, JAKKS' stockholders will receive $20 in cash per each share of JAKKS they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $24 for JAKKS. Request more information now by clicking here: www.faruqilaw.com/JAKK Whether the Board of Directors of JAKKS is acting in accordance with their fiduciary duties to JAKKS' stockholders to conduct an adequate and fair sales process to sell the Company, whether the Board of Directors of JAKKS is adequately negotiating a price increase for the proposed transaction, whether the proposed transaction undervalues JAKKS' shares and by how much this proposed transaction undervalues the Company to the detriment of JAKKS' shareholders and - are the key focus of this investigation. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. If you own common stock in JAKKS and wish to obtain additional information, please visit us at www.faruqilaw.com/JAKK or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case. Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Attn: Juan E. Monteverde, Esq.email@example.comToll Free: (877) 247-4292Phone: (212) 983-9330