|[July 05, 2014]
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Sports Chalet, Inc. in Connection with the Sale of the Company
BALA CYNWYD, Pa. --(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Sports Chalet, Inc.
("Sports Chalet" or the "Company") (Nasdaq: SPCHA, SPCHB) relating to
the proposed acquisition by Vestis Retail Group, LLC ("Vestis").
Click here to learn more about the investigation http://brodsky-smith.com/782-spcha-spchb-sports-chalet-inc.html,
or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Sports Chalet shareholders will
receive only $1.20 in cash for each share of Sports Chalet stock they
own. The investigation concerns possible breaches of fiduciary duty and
other vilations of state law by the Board of Directors of Sports Chalet
for not acting in the Company's shareholders' best interests in
connection with the sale process. The transaction may undervalue Sports
Chalet and represents a loss or no real gain for many long term Sports
Chalet shareholders. For example, on May 14, 2013, SPCHA traded at $2.22
per share and SPCHB traded at $2.18 per share. In addition, even an
analyst's extremely low price target of a $1.25 per share is above the
price being paid by Vestis.
If you own shares of Sports Chalet Class A or Class B stock and wish to
discuss the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd,
PA 19004, by e-mail at firstname.lastname@example.org,
by visiting http://brodsky-smith.com/782-spcha-spchb-sports-chalet-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and successfully recovered millions of dollars for our clients
and shareholders. Attorney advertising. Prior results do not guarantee a
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