Zale Corporation Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Signet Jewelers Limited
February 19, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of Zale Corporation (“Zale” or the “Company”) (NYSE: ZLC) breached its fiduciary duty to its shareholders in agreeing to sell Zale to Signet Jewelers Limited.
Under the terms of the agreement, Zale shareholders will receive $21.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Zale shareholders and the process by which the Zale Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, whistleblower 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 eleven years.