SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

May 17, 2012 15:47 ET

The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Golfsmith International Holdings Inc. in Connection With the Sale of the Company to Golf Town

NEW YORK, NY--(Marketwire - May 17, 2012) - Levi & Korsinsky notifies investors of Golfsmith International Holdings Inc. ("Golfsmith" or the "Company") (NASDAQ: GOLF) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Golf Town. Under the terms of the agreement, Golfsmith shareholders will receive $6.10 per share of Golfsmith stock they own. The transaction has a total approximate value of $96.5 million. A complaint was filed in Texas state court.

Click here to learn how to join the action: http://zlk.9nl.com/golfsmith-international-holdings-golf, or call: 877-363-5972. There is no cost or obligation to you.

The claims concern whether the Golfsmith Board of Directors breached their fiduciary duties to Golfsmith stockholders by failing to adequately shop the Company before entering into this transaction and whether Golf Town is underpaying for Golfsmith shares, thus unlawfully harming Golfsmith stockholders. In particular, at least one analyst set a price target of $7.50 per share of Golfsmith stock.

If you own common stock in Golfsmith 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 http://zlk.9nl.com/golfsmith-international-holdings-golf.

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.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com