NEW YORK (Business Wire) -- Levi & Korsinsky is investigating the Board of Directors of LaCrosse Footwear, Inc. (“LaCrosse” or the “Company”) (Nasdaq: BOOT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to ABC-MART.
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Under the terms of the transaction, LaCrosse shareholders will receive $20 per share of LaCrosse stock they own. The transaction has an approximate total value of $138 million. The investigation concerns whether the LaCrosse Board of Directors breached their fiduciary duties to LaCrosse stockholders by failing to adequately shop the Company before entering into this transaction and whether ABC-MART is underpaying for LaCrosse shares, thus unlawfully harming LaCrosse stockholders.
If you own common stock in LaCrosse and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/lacrosse-boot.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Toll Free: 877-363-5972