SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Hot Topic Inc. in Connection with the Sale of the Company to Sycamore Partners
Levi & Korsinsky is investigating the Board of Directors of Hot Topic
Inc. (“Hot Topic” or the “Company”) (NasdaqGS: HOTT) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Sycamore Partners.
Click here to learn how to join the action: http://zlk.9nl.com/hot-topic-hott/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Hot Topic shareholders will receive
$14 for each share of Hot Topic common stock they own. The transaction
has a total approximate value of $600 million. The investigation
concerns whether the Hot Topic Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before entering into this transaction and whether Sycamore
Partners is underpaying for Hot Topic shares, thus unlawfully harming
Hot Topic stockholders. In particular, at least one analyst set a price
target for Hot Topic stock at $16.00 per share.
If you own common stock in Hot Topic and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/hot-topic-hott/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as lead
counsel on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.
