BALA CYNWYD, Pa., Aug. 17, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Zulily,
Inc.("Zulily" or "the Company") (Nasdaq- ZU-News) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Liberty Interactive
Corporation ("Liberty").
Click here to learn more about the investigation
http://brodsky-smith.com/974-zu-zulily-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Zulily shareholders will
receive only $9.375 in cash and
0.3098 of a share of Liberty for each share of Zulily stock they
own. The transaction values Zulily at only approximately
$18.75 per share. The investigation
concerns whether the Board of Zulily breached their fiduciary
duties to shareholders and whether Liberty is underpaying for
Zulily. The transaction may undervalue Zulily and will result in a
substantial loss for many Zulily shareholders. For example, Zulily
stock traded at $19.89 per share as
recently as February 11, 2015, and on
February 27, 2014, traded at
$72.75 per share.
If you own shares of Zulily and wish to discuss the legal
ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/974-zu-zulily-inc.html, or calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC