BOSTON, Jan. 30, 2012 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, has commenced an investigation into possible breaches of fiduciary duties by the Board of Directors of The Pep Boys – Manny, Moe & Jack ("Pep Boys" or the "Company") (Ticker: PBY) with regards to the proposed acquisition of the Company by an investor group called The Gore Group. The transaction is for $15.00 per share, or a paltry 24% premium over the Company's latest closing price.
Block & Leviton's investigation seeks to determine, among other things, whether Pep Boy's Directors breached their fiduciary duties by failing to maximize shareholder value in the proposed transaction. Pep Boy's share price had traded as high as $14.70 earlier this year.
If you are a Pep Boys shareholder and have questions about your legal rights, please contact Mark Alan Delaney of Block & Leviton at (617) 398-5650 or email him at Mark@blockesq.com.
Block & Leviton is a Boston-based law firm representing investors for violations of securities laws. The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years.
This notice may constitute attorney advertising.
Contact: BLOCK & LEVITON LLP
Mark Alan Delaney, Esq.
SOURCE Block & Leviton LLP