NEW YORK, March 8, 2013 /PRNewswire/ -- Morgan & Morgan is investigating potential claims against the Board of Directors of Hot Topic Inc. ("Hot Topic" or the "Company") (Nasdaq: HOTT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sycamore Partners. Under the terms of the transaction, Hot Topic shareholders will receive $14.00 per share in cash for each share of Hot Topic they own. The transaction values Hot Topic at approximately $600 million.
If you are a current shareholder of Hot Topic and are interested in learning more about the Hot Topic takeover lawsuit please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at email@example.com.
Our investigation concerns whether Hot Topic's Board of Directors breached its fiduciary duties to act in the best interests of Hot Topic shareholders and to take all necessary steps to ensure that Hot Topic shareholders receive the maximum value readily available for their shares of Hot Topic common stock.
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Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud and breach of fiduciary duty cases, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
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