True Religion Apparel (TRLG) Merger Shareholder Lawsuit

True Religion Apparel (TRLG) merger summary

True Religion Apparel (TRLG) announced that it entered into a definitive merger agreement with TowerBrook Capital Partners whereby True Religion would be acquired by TowerBrook Capital for approximately $838 Million.  Under the terms of the agreement, True Religion shareholders will receive $32.00 in cash for each share they own. 

The law offers a mechanism for True Religion Apparel shareholders to challenge the fairness of the proposed transaction

If you are a True Religion Apparel shareholder and would like to learn more about your rights to challenge the True Religion Apparel merger, please complete the web form on this page or call George Pressly, Esq. at 1-(800) 631-6234.

The True Religion Apparel board of directors has explicit duties to TRLG shareholders during the acquisition process

  • Is $32.00 per share fair value for True Religion Apparel shareholders?  One analyst had a $38 price target.
  • Has the TRLG board of directors obtained a fair and independent appraisal?
  • Have all going-forward compensation packages for current True Religion Apparel executives been properly disclosed in the proxy statement?
  • Has the board of directors properly shopped the company to potential additional suitors?

True Religion Apparel (TRLG) merger review may turn into shareholder class action lawsuit

True Religion Apparel shareholders can employ a state law procedure that could force senior management and the board of directors to more adequately disclose the complete terms and conditions of the True Religion Apparel merger.  We are investigating whether the proposed transaction is fair to True Religion Apparel shareholders.  The investigation concerns whether the True Religion Apparel’s board of directors’ process for consideration of the proposed transaction was adequate, whether True Religion Apparel is acting in its shareholders’ best interests and whether the proposed share price to be paid to True Religion Apparel shareholders is fair and adequate. 

 
Entity Name: 
True Religion Apparel, Inc.
Stock Symbol: 
TRLG
Practice Area: 

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