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Law Firm Brower Piven Announces Investigation
Law Firm News |
2012/01/30 13:17
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The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of The Pep Boys -- Manny, Moe amp; and other violations of state law by the board of directors of Pep Boys relating to the proposed acquisition of the company by The Gores Group. The firm’s investigation seeks to determine, among other things, whether the board breached its fiduciary duties by failing to maximize shareholder value.
On January 30, 2012, Pep Boys announced that it had entered into a definitive merger agreement providing for Gores Group to acquire Pep Boys for $1 billion. Under the terms of the merger agreement, Pep Boys shareholders will receive $15.00 for each share of Pep Boys common stock held. However, according to Yahoo! Finance, at least one analyst has set a high price target of $17.00 per share.
If you currently own shares of Pep Boys and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years. |
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Iowa mom pleads not guilty in newborn twins' death
Legal Information |
2012/01/30 10:18
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A Huxley woman accused of killing her newborn twin daughters and hiding their bodies in the trunk of her car has pleaded not guilty.
Jackie Burkle is charged with two counts of first-degree murder. She is being held on $1 million bond.
Her attorney entered a written plea of not guilty on her behalf Monday morning in Story County District Court in Nevada.
Police found the infants' bodies in the trunk of Burkle's car on Jan. 7 after receiving a call to check on her.
Court records show Burkle appeared pregnant at work at a Huxley convenience store Jan. 5. She no longer looked pregnant two days later, prompting a co-worker to call police.
Police have not released a cause of death or why Burkle gave birth at home. |
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More charges filed in Los Angeles arsons case
State Law Issues |
2012/01/25 09:47
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A German man pleaded not guilty Tuesday to additional charges accusing him of setting nearly 50 fires, mostly to parked cars, which terrorized parts of Los Angeles over the New Year's weekend.
Deputy Public Defender Gustavo Sztraicher entered the plea in Superior Court on behalf of Harry Burkhart, who spoke only to identify himself and acknowledge that he understood the legal process.
Bail was set at $7.5 million, and Burkhart was scheduled to return to court March 1.
Outside court, Sztraicher had no comment.
Earlier in the day, the criminal complaint against Burkhart was amended to include a total of 100 arson-related counts involving 49 fires in Hollywood, West Hollywood and the San Fernando Valley. If convicted, the 24-year-old faces more than 80 years in state prison.
The rash of fires left residents on edge between Dec. 30 and Jan. 2 as parked cars were torched during the night. Some of the fires spread to carports and nearby buildings, including a former home of Doors singer Jim Morrison, and rousted people from their beds. Another one of the blazes was at the Hollywood and Highland entertainment complex, a popular tourist destination bordered by the Walk of Fame. |
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NJ gov picks gay black man, Asian for top court
Law Firm Press Release |
2012/01/24 09:22
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Gov. Chris Christie moved to diversify the state's all-white Supreme Court on Monday with two firsts: the nominations of an openly gay black man and a Korean-born prosecutor to fill two vacancies.
If confirmed, Bruce A. Harris would become New Jersey's first openly gay justice, and Phillip H. Kwon would become its first Asian representative and the first justice born outside the United States.
Christie, a Republican, said he had extreme confidence in the records and intellects of his nominees, neither of whom has been a judge.
I felt strongly about making sure the court have diversity but first and foremost that the court have quality justices who make sure they take the court in a direction that is a responsible one for the future of our state and its people, Christie said at a news conference attended by the nominees and their families.
Harris, 61, is the Republican mayor of Chatham Borough in Morris County, a post Christie said he would give up if confirmed. He would be the third African-American to be seated on the court. |
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