Ryan & Maniskas, LLP Announces Investigation of Parlux Fragrances, Inc.
28 Diciembre 2011 - 10:26AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/parl) is
investigating potential claims against the board of directors of
Parlux Fragrances, Inc. ("Parlux" or the "Company") (NASDAQ: PARL)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company’s efforts to sell Parlux to
Perfumania Holdings, Inc. in a transaction valued at approximately
$170 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by Company’s board of directors; in particular, whether
the Company undertook a fair process to obtain fair consideration
for all shareholders of Parlux. For more information regarding our
investigation, please contact Ryan & Maniskas, LLP (Richard A.
Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/parl.
Under the terms of the definitive agreement, Parlux shareholders
will receive either (a) $4.00 in cash plus 0.20 shares of
Perfumania common stock or (b) 0.53333 shares of Perfumania common
stock.
If you own shares of Parlux and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/parl. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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