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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
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Morgan & Morgan Announces Investigation of Heelys, Inc. (HLYS)

NEW YORK, Dec. 10, 2012 /PRNewswire/ -- Morgan & Morgan is investigating potential claims against the board of directors of Heelys, Inc. ("Heelys") (HLYS) concerning the proposed acquisition of Heelys by Sequential Brands Group, Inc. ("Sequential").

If you are a current shareholder of Heelys and are interested in learning more about our Heelys (HLYS) merger investigation, please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at info@morgansecuritieslaw.com.

On December 10, 2012, Heelys announced that it had entered into an agreement to be acquired by Sequential in a transaction valued at approximately $63 million. Under the terms of the agreement, Heelys' shareholders will receive $2.25 in cash for each share of Heelys stock owned.  Heelys' board of directors has unanimously approved the proposed deal which is expected to close in the first half of 2013.

Our investigation concerns whether Heelys' board of directors has breached its fiduciary duties to act in the best interests of all of the Heelys shareholders and to take all necessary steps to ensure that Heelys' shareholders receive the maximum value readily available for their shares of Heelys common stock.

About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability.  All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people." 

Attorney advertising. Prior results do not guarantee a similar outcome.

Contact:
Morgan & Morgan
Peter Safirstein, Esq.
Five Penn Plaza
23rd Floor
New York, NY  10001
1-800-631-6234
info@morgansecuritieslaw.com

 

SOURCE Morgan & Morgan

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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