MILWAUKEE–(BUSINESS WIRE)–The Ademi Firm is investigating Skechers (NYSE: SKX) for possible breaches of fiduciary duty and other violations of law in its transaction with 3G Capital.
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, shareholders of Skechers will receive only $63.00 per share in cash; or $57.00 per share in cash and one LLC Unit. Both the cash consideration and mixed consideration are available to each share of Skechers stock on the same terms, regardless of whether it is Class A or Class B shares of Skechers stock.
Skechers insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Skechers by imposing a significant penalty if Skechers accepts a competing bid. We are investigating the conduct of the Skechers board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
