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Morgan & Morgan Announces the Investigation of Maidenform, Inc. Buyout (MFB)
Wednesday, July 24, 2013
Morgan & Morgan Announces the Investigation of Maidenform, Inc. Buyout (MFB)16:20 EDT Wednesday, July 24, 2013
NEW YORK, July 24, 2013 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential legal claims against the Board of Directors of Maidenform, Inc. ("Maidenform" or the "Company") (MFB) regarding possible breaches of fiduciary duty and other violations of law related to the Company's entry into an agreement to be acquired by HanesBrands ("HanesBrands") (HBI) in a transaction valued at approximately $575 million.
If you purchased Maidenform and want more information about the Maidenform takeover lawsuit, please contact George Pressly, Esq. at 1(800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.
Under the terms of the transaction, Maidenform shareholders will receive $23.50 in cash for each share of Maidenform stock they own.
Morgan & Morgan's investigation concerns whether the Maidenform Board of Directors breached its fiduciary duties to act in the best interests of Maidenform shareholders and to take all necessary steps to ensure that Maidenform shareholders receive the maximum value readily available for their shares of Maidenform common stock.
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
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Contact:Morgan & MorganPeter Safirstein, Esq.28 West 44th StreetSuite 2001New York, NY firstname.lastname@example.org
SOURCE Morgan & Morgan