Kahn Swick & Foti, LLC & Former Louisiana Attorney General Announce Investigation Into 99 Cents Only Stores, After News of Go...
March 13 2011 - 2:53PM
Business Wire
Kahn Swick & Foti, LLC (“KSF”) and Former Attorney General
of Louisiana, Charles C. Foti, Jr. announce the commencement of an
investigation into 99 Cents Only Stores ("99 Cents Only" or the
"Company") (NYSE: NDN) after news that it had received a proposal
from members of the Schiffer-Gold family, in conjunction with
Leonard Green, to buy the company for $19.09 a share in cash.
FBR Capital Markets, which owns 5.4 per cent of 99 Cents Only’s
shares, said in a filing that it believes the proposal
“substantially undervalues” the company and pledged to closely
monitor the board’s conduct in assessing the approach.
If you have information that would assist KSF in its
investigation, or would like to discuss your legal rights as a
shareholder, you may, without obligation or cost to you, e-mail or
call KSF Managing Partner, Lewis Kahn (lewis.kahn@ksfcounsel.com),
toll free 1-877-515-1850, after hours via cell phone 504-301-7900,
or KSF Director of Client Relations, Neil Rothstein, Esq.
(neil.rothstein@ksfcounsel.com), toll free at 877-694-9510, or
after hours via cell phone 330-860-4092.
About Kahn Swick & Foti,
LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities
class action and shareholder derivative litigation with offices in
New York and Louisiana. KSF's lawyers have significant experience
litigating complex securities class actions nationwide on behalf of
both institutional and individual shareholders. Recent cases
include In re Virgin Mobile USA IPO
Litigation, 2:07-cv-05619-SDW-MCA (D. N.J.), Co-Lead Counsel,
$19.5 million settlement; In re BigBand Networks, Inc Securities
Litigation, 3:07-CV-05101-SBA (C.D. Cal.), Co-Lead
Counsel, $11 million settlement; In re U.S. Auto Parts
Networks, Inc. Securities Litigation, 2:07-cv-02030-GW-JC
(C.D. Cal.),Lead Counsel, $10 million settlement. KSF is also
federally court-appointed Co-Lead Counsel in THE shareholder
derivative cases against BP, AIG and Bank of America (Merrill Lynch
merger) emanating from their recent multi-billion dollar economic
declines.
To learn more about KSF, you may
visit www.ksfcounsel.com.
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