Bernstein Liebhard LLP Announces Investigation of Acquisition of The Pep Boys—Manny, Moe & Jack
January 30, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of The Pep Boys—Manny, Moe & Jack (“Pep Boys” or the “Company”) (NYSE: PBY) breached its fiduciary duty to its shareholders in agreeing to sell Pep Boys to The Gores Group.
Under the terms of the agreement, Pep Boys shareholders will receive $15.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Pep Boys shareholders and the process by which the Pep Boys Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Pep Boys shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last nine years.