NEW YORK, May 2, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Volcom, Inc. ("Volcom" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of PPR SA. Volcom shareholders will receive $24.50 per share of Volcom stock they own. The transaction has a total value of approximately $516 million.
Click here to learn how to join the action: http://www.zlk.com/volcom-vlcm.html, or call: 877-363-5972.
The investigation concerns whether the Volcom Board of Directors breached their fiduciary duties to Volcom stockholders by failing to adequately shop the Company before entering into this transaction and whether PPR SA is underpaying for Volcom shares, thus unlawfully harming Volcom stockholders. In particular, at least one analyst placed a price target for Volcom stock at $25 per share.
If you own common stock in Volcom and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/volcom-vlcm.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com