1. Ademi Firm investigates GES for fiduciary duty breaches in a transaction. 2. Shareholders to receive $16.75 per share, totaling about $1.4 billion. 3. Insiders could benefit significantly, raising conflict concerns. 4. Transaction limits competing bids with substantial penalties. 5. Investigation focuses on GES board's fiduciary duties to shareholders.
Concerns over fiduciary duties can lead to investor distrust, similar situations have resulted in stock declines.
Legal issues often impact investor confidence significantly, potentially affecting stock prices.
Immediate reactions from investors may occur as investigations progress.
The Ademi Firm is investigating Guess (NYSE:GES) for possible breaches of fiduciary duty and other violations of law in its transaction with Authentic Brands and the co-founders.
Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.
Shareholders of Guess will receive $16.75 per share in cash or approximately $1.4 billion, including debt. Guess insiders will receive substantial benefits as part of change of control arrangements and are conflicted.
The transaction agreement unreasonably limits competing transactions for Guess by imposing a significant penalty if Guess accepts a competing bid. We are investigating the conduct of the Guess board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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Ademi & Fruchter LLP
Guri Ademi
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