Maidenform, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Hanesbrands Inc.
July 24, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of Maidenform, Inc. (“Maidenform” or the “Company”) (NYSE: MFB) breached its fiduciary duty to its shareholders in agreeing to sell Maidenform to Hanesbrands Inc. (NYSE: HBI).
Under the terms of the agreement, Maidenform shareholders will receive $23.50 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Maidenform shareholders and the process by which the Maidenform Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP 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 ten years.