NEW YORK, March 22, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Naked Brand Group Inc. ("Naked" or the "Company") (NASDAQ: NAKD) and its Board of Directors for potential securities laws violations and/or breaches of fiduciary duties in connection with the Agreement and Plan of Reorganization with Bendon Limited ("Bendon"). As a result of the merger, each outstanding share of common stock of Naked shall be converted into the right to receive 0.2 Ordinary Shares of Bendon Group Holdings Limited ("Holdco"), the post-merger combined company. Consequently, Naked shareholders will constitute approximately 9.0% of the issued and outstanding Holdco Ordinary Shares.
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The investigation focuses on whether Naked and/or its Board of Directors violated federal securities laws and/or breached their fiduciary duties to the Company's shareholders by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company, and 3) failing to disclose all material financial information in connection with the upcoming shareholder meeting.
Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013 and 2017, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017 Top Rated Lawyer.
If you own common stock in Naked and wish to obtain additional information and protect your investments free of charge, please visit us at www.monteverdelaw.com/investigations/m-a/ or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (212) 971-1341.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. 59th Floor
New York, NY 10118
United States of America
Tel: (212) 971-1341
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