SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Sports Chalet, Inc. in Connection with the Sale of the Company
BALA CYNWYD, Pa., July 3, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Sports Chalet, Inc. ("Sports Chalet" or the "Company") (Nasdaq: SPCHA, SPCHB) relating to the proposed acquisition by Vestis Retail Group, LLC ("Vestis").
Click here to learn more about the investigation http://brodsky-smith.com/782-spcha-spchb-sports-chalet-inc.html, or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Sports Chalet shareholders will receive only $1.20 in cash for each share of Sports Chalet stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Sports Chalet for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue Sports Chalet and represents a loss or no real gain for many long term Sports Chelet shareholders. For example, on May 14, 2013, SPCHA traded at $2.22 per share and SPCHB traded at $2.18 per share. In addition, even an analyst's extremely low price target of a $1.25 per share is above the price being paid by Vestis.
If you own shares of Sports Chalet Class A or Class B stock 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 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/782-spcha-spchb-sports-chalet-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 case 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 successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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