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Press release from PR Newswire

ZALE CORPORATION INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Zale Corporation Over the Proposed Sale of the Company to Signet Jewelers

Friday, February 21, 2014

ZALE CORPORATION INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Zale Corporation Over the Proposed Sale of the Company to Signet Jewelers

19:25 EST Friday, February 21, 2014

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Zale

NEW YORK, Feb. 21, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Zale Corporation ("Zale" or the "Company") (NYSE: ZLC) for potential breaches of fiduciary duties in connection with the sale of the Company to Signet for approximately $690 million.  The Company's stockholders will receive $21 per share for each share of Zale common stock they own.

(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO)

Cick here for more information: www.faruqilaw.com/ZLC.  There is no cost or obligation to you.

The investigation focuses on whether Zale's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Zale's shareholders.

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.  To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Zale and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ZLC or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Contact:

Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Attn: Juan E. Monteverde, Esq.jmonteverde@faruqilaw.com Toll Free: (877) 247-4292Phone:    (212) 983-9330

Attorney Advertising. (C) 2014 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.

SOURCE Faruqi & Faruqi, LLP

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