November 1, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of The Warnaco Group, Inc. (“Warnaco Group” or the “Company”) (NYSE: WRC) breached its fiduciary duty to its shareholders in agreeing to sell Warnaco Group to PVH Corp. (NYSE: PVH).
Under the terms of the agreement, Warnaco Group shareholders will receive $51.75 in cash and .1822 of a share of PVH common stock for each share they own. The investigation is focused on the potential unfairness of the price to Warnaco Group shareholders and the process by which the Warnaco Group 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.