We Give Shareholders a Voice
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Perry Ellis International, Inc. (NASDAQGS: PERY) to George Feldenkreis, the Company’s founder and a member of the Board of Directors. Under the terms of the transaction, Feldenkreis will purchase all outstanding shares of Perry Ellis not already owned by the Feldenkreis family for $27.50 per share in cash.
The investigation concerns whether the Board of Perry Ellis breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Feldenkreis is using his position as an insider to purchase the Company at an unfair price.
To receive more information, please fill out the form.