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| [January 18, 2013] |
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Law Firm Brower Piven Announces Investigation of K-Swiss, Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of K-Swiss, Inc. ("K-Swiss" or
the "Company") (Nasdaq: KSWS) and other violations of state law by the
board of directors of K-Swiss relating to the proposed acquisition of
the Company by E-Land World Limited. The firm's investigation seeks to
determine, among other things, whether the board of directors of K-Swiss
breached their fiduciary duties b failing to maximize shareholder value.
Under the terms of the proposed transaction, K-Swiss shareholders will
receive $4.75 in cash for each share of common stock they own. The
transaction is currently being valued at $170 million. According to
Yahoo! Finance, the median and high analyst price target is $5.60 per
K-Swiss share.
If you currently own common stock of K-Swiss and would like to learn
more about the investigation being conducted by Brower Piven, you may
email or call Brower Piven, who will, without obligation or cost to you,
attempt to answer your questions. You may contact Brower Piven by email
at hoffman@browerpiven.com,
by calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys
at Brower Piven have combined experience litigating securities and other
class action cases of over 60 years.

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