openPR Logo
Press release

The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of FDO

02-21-2011 03:26 PM CET | Media & Telecommunications

Press release from: Levi & Korsinsky, LLP

Levi & Korsinsky is investigating the Board of Directors of Family Dollar Stores, Inc. (“Family Dollar” or the “Company”) (NYSE: FDO) for possible breaches of fiduciary duty in connection with the receipt of an acquisition proposal from Trian Group, the investment firm of Nelson W. Peltz.

New York, NY, February 21, 2011 -- Levi & Korsinsky is investigating the Board of Directors of Family Dollar Stores, Inc. (“Family Dollar” or the “Company”) (NYSE: FDO) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of an acquisition proposal from Trian Group, the investment firm of Nelson W. Peltz. Under the terms of the proposed transaction, Family Dollar stockholders would receive between $55 and $60 per share of Family Dollar stock they own. Trian Group currently owns approximately 8% of the outstanding Family Dollar stock. Trian has also indicated that it has asked FDO’s Chairman and CEO, Howard Levine, who owns 7.5% of FDO’s common stock, participate as an investor alongside the Trian Group.

Click here to learn more about the investigation: http://www.zlk.com/family-dollar-fdo.html, or call: 877-363-5972.

The investigation concerns whether the Family Dollar Board of Directors is adequately shopping the Company in order to obtain the best possible deal for Family Dollar’s shareholders. In particular, at least one analyst set a price target of $63 per share for Family Dollar stock.

If you own common stock in Family Dollar and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/family-dollar-fdo.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com

Contact:
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St
15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St
15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of FDO here

News-ID: 163353 • Views: 1527

More Releases from Levi & Korsinsky, LLP

The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Se …
Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of China Automotive Systems, Inc. (“China Automotive” or the “Company”) (Nasdaq: CAAS) concerning possible violations of federal securities laws. New York, NY, March 24, 2011 -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of China Automotive Systems, Inc. (“China Automotive” or the “Company”) (Nasdaq: CAAS) concerning possible violations of federal
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Vi …
Levi & Korsinsky, LLP is investigating TETRA Technologies, Inc. (NYSE: TTI), and its Board of Directors, for possible violations of federal securities laws in connection with the upcoming May 3, 2011 shareholder vote. New York, NY, March 23, 2011 -- Levi & Korsinsky, LLP is investigating TETRA Technologies, Inc. (NYSE: TTI), and its Board of Directors, for possible violations of federal securities laws in connection with the upcoming May 3, 2011
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Vi …
Levi & Korsinsky, LLP is investigating Cincinnati Financial Corporation (“Cincinnati Financial” or the “Company”) (NASDAQ: CINF), and its Board of Directors, for possible violations of federal securities laws in connection with the upcoming April 30, 2011 shareholder vote. New York, NY, March 22, 2011 -- Levi & Korsinsky, LLP is investigating Cincinnati Financial Corporation (“Cincinnati Financial” or the “Company”) (NASDAQ: CINF), and its Board of Directors, for possible violations of federal
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Se …
Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of Kid Brands, Inc. (NYSE: KID) concerning possible violations of federal securities laws. New York, NY, March 22, 2011 -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of Kid Brands, Inc. (NYSE: KID) concerning possible violations of federal securities laws. On March 15, 2011, Kid Brands announced it would delay the

All 5 Releases


More Releases for Family

Gordon Family Medical Practice
Gordon Family Medical Practice's mission is to provide the highest standard care to you and your family. We are committed to promote well being and disease prevention. We pride ourselves on our services and our doctors are continually pursuing excellence in medicine and surgery through their work and study. Gordon Family Medical Practice's mission is to provide the highest standard care to you and your family. We are committed to promote
Attractive Family Travel Flight Deals
New York, United States, August 3, 2016: In an age when everything can be done online, from the comfort of your home, searching for cheap family travel offers has become very convenient. There are various travel portals where you can find the kind of deals you are looking for. One such portal is Lookupfare.com. Whether your choice of destination is a domestic or an international one, this travel portal provides
Welcome to the Family.
rational motion is new distributor for Remy International. Cologne, 24. June 2013 Remy International, Inc., the global leader for generators, starters and electric drive motors, has recently expanded its sales network to include a further distribution partner: rational motion is the latest member of the Remy family, and, effective immediately, is actively serving as one of seven global sales and service partners that represent the innovative high-end products of this American manufacturer. Conclusion
Genealogist Asks Godges for Advice on Family Memoirs, Family Members
Lauding the family memoir "Oh, Beautiful: An American Family in the 20th Century” as a “wonderful illustration for all family historians grappling with writing their family history,” Lynn Palermo, also known as The Armchair Genealogist, asked author John Paul Godges for tips about writing and publishing a family memoir and also about involving family members. Godges stressed the importance of establishing a theme and building a complementary outline very early in
Latin Trails’ Family Friendly Fleet
With pioneer boats in first class and luxury categories, Latin Trails is one of the most family friendly companies to cruise the Galapagos Islands. The company’s three top quality cruises have a capacity for 16 passengers and are ideal for adventurous families traveling alone or in groups of two or three. Besides each boat’s various amenities and world class services, Latin Trails announces that children under 12 will
Badger Family Farm Joins Wisconsinmade.com
MADISON, WISCONSIN (11/29/2010) – Wisconsinmade.com, an e-commerce gift store, is pleased to announce that Badger Family Farm, of Cedarburg, Wisconsin, has joined our artisan group. Wisconsinmade.com carefully selects only the finest gifts made in Wisconsin and offers them for sale on the Internet. "These delicious pancake mixes with badger artwork from Badger Family Farm are a perfect fit for Wisconsinmade.com and we are delighted to have them available on our