NEW YORK, May 17, 2013 /PRNewswire/ -- Pomerantz
Grossman Hufford Dahlstrom & Gross LLP is investigating claims
on behalf of investors of True Religion Apparel, Inc. ("True
Religion" or the "Company") (NASDAQ: TRLG) (ISIN: US89784N1046)
(CUSIP: 89784N104) concerning the proposed acquisition of True
Religion Apparel, Inc. by TowerBrook Capital Partners in a
transaction valued at approximately $835
million in cash.
The investigation concerns whether the True Religion directors
are breaching their fiduciary duties by failing to adequately shop
the Company and maximize shareholder value. Under the terms
of the agreement, True Religion shareholders will be entitled to
receive $32.00 per share in cash for
each share of True Religion common stock. However the price
is lower than at least one analyst target price of $38.00 per share for True Religion common
stock.
True Religion shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.
The firm is also investigating actions on behalf of shareholders
for the following companies: Arbitron Inc., Net1 Ueps Technologies,
Inc., Universal Technical Institute,
Inc., Telanetix, Inc., Somerset Hills Bancorp, BioClinica Inc.,
Conceptus, Inc., and Gardner Denver, Inc.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San
Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of defrauded
investors. See www.pomerantzlaw.com.
SOURCE Pomerantz Grossman Hufford
Dahlstrom & Gross LLP
