Bernstein Liebhard LLP Announces Investigation of JAKKS Pacific, Inc.
September 15, 2011
Bernstein Liebhard LLP is investigating whether the Board of Directors of JAKKS Pacific, Inc. (“JAKKS” or the “Company”) (NASDAQ: JAKK) is breaching its fiduciary duty to its shareholders in failing to embrace Oaktree Capital Management, L.P.’s (“Oaktree”) premium offer for the company.
As reported, JAKKS shareholders would receive $20.00 in cash for each share they own. The investigation is focused on JAKKS’s failing to embrace Oaktree’s overtures.
Bernstein Liebhard has pursued hundreds of securities, consumer, and antitrust cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last eight years.