SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

June 05, 2013 12:48 ET

rue 21 Inc. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of rue21 Inc. in Connection With the Sale of the Company to Apax Partners

NEW YORK, NY--(Marketwired - Jun 5, 2013) -  Levi & Korsinsky notifies investors of rue21 Inc. ("rue21" or the "Company") (NASDAQ: RUE) of claims of breaches of fiduciary duty and other violations of state law agsinst the board of directros of the Company in connection with the sale of the Company to the private equity firm Apax Partners. A complaint was filed in Delaware state court.

Click here to learn more about the investigation http://zlk.9nl.com/rue21-rue/, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, Apax Partners will pay $42.00 for each share of rue21 stock it does not currently own; the private equity firm currently owns a 30% stake in rue21. The transaction has a total approximate value of $1.1 billion. The claims concern whether the rue21Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Apax Partners is underpaying for rue21stock, thus unlawfully harming rue21stockholders.

If you own common stock in rue21 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://zlk.9nl.com/rue21-rue/

Levi & Korsinsky is a national firm with offices in New York, New Jersey 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