Securities Lawyers at Goldfarb LLP Seeking More Money, Information for Stockholders of Kenneth Cole Productions, Inc.
Jun 14, 2012 14:15:00 (ET)
DALLAS, June 14, 2012 /PRNewswire via COMTEX/ -- Securities lawyers at Goldfarb LLP announce an investigation into alleged violations of shareholder protection laws by officers and directors of Kenneth Cole Productions, Inc. (KCP, Trade ) in connection with a buyout for $15.25 per share to an entity formed by Chairman and CCO, Kenneth Cole. Concerned KCP investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbllp.com about their rights and remedies.
"The deal represents a15%premium to the pre-offer closing price of $13.07 and analysts have a high target price of $17 per share," said Hamilton Lindley. "Mr. Cole holds about 47% of the company's shares, and about 89%of its voting power. We will ascertain whether the company has been adequately and fairly shopped and that shareholder interests are protected in terms of price and information."
Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. KCP stockholders - or anyone with knowledge about this acquisition - should contact lawyer Hamilton Lindley at hlindley@goldfarbllp.com or 877-583-2855 with questions or concerns.
Hamilton Lindley Goldfarb LLP 2501 N. Harwood, Ste. 1801 Dallas, TX 75201 (877) 583-2855 Toll Free Telephone (214) 583-2233 Local Phone Number (214) 583-2234 Fax Number www.goldfarbllp.com
SOURCE Goldfarb LLP
