The Law Office of Abe Shainberg is investigating the Board of Directors of Jo-Ann Stores, Inc. (NYSE: JAS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Leonard Green & Partners LP ("Leonard Green"). Under the terms of the transaction, Jo-Ann shareholders will receive $61 per share in cash for a total transaction value of approximately $1.6 billion.
The investigation concerns whether the Jo-Ann Stores Board of Directors breached their fiduciary duties to Jo-Ann Stores stockholders by failing to adequately shop the Company before entering into this transaction and whether Leonard Green is underpaying for Jo-Ann Stores shares.
If you own common stock in Whitney and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at as@ashainberglaw.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/joann-stores.html.
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts:
The Law Office of Abe Shainberg
Abe Shainberg, Esq.
Tel:
212-425-7286
Fax: 866-699-3880
as@ashainberglaw.com