WILMINGTON, Del.--(BUSINESS WIRE)--
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Perry Ellis International, Inc. (“Perry Ellis” or the “Company”) (NASDAQ GS: PERY) related to the Company’s entry into an agreement to be taken private by George Feldenkreis (“Feldenkreis”), Perry Ellis’ founder and member of the Company’s Board of Directors, in a transaction announced on June 16, 2018 (the “Proposed Transaction”).
On June 15, 2018, the Board caused Perry Ellis to enter into an agreement and plan of merger (the “Merger Agreement”) with Feldenkreis. Pursuant to the terms of the agreement, shareholders of Perry Ellis will receive $27.50 in cash for each share of Perry Ellis common stock.
On September 10, 2018, Perry Ellis filed a definitive proxy statement (“Proxy Statement”) with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which recommends that Perry Ellis’ shareholders vote in favor of the Proposed Transaction. Rigrodsky & Long, P.A. is investigating possible violations of law related to the Proxy Statement, including whether the Proxy Statement omits material information with respect to the Proposed Transaction.
If you own common stock of Perry Ellis and purchased any shares before June 16, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at firstname.lastname@example.org.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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