Printer Friendly

Coughlin Stoia Geller Rudman & Robbins LLP Announces Hearing on Shareholder Effort to Enjoin Restoration Hardware Proposed Acquisition.

SAN DIEGO -- Marin County Superior Court Judge Lynn O'Malley Taylor has ordered that a hearing be held June 11, 2008 on the effort of shareholders to enjoin the proposed acquisition of Restoration Hardware, Inc. (NASDAQ:RSTO) by an investment group led by CEO Gary Friedman and Catterton Partners. The action alleges breach of fiduciary duty in connection with the decision of the Restoration Hardware board to sell the Company to Friedman and Catterton for $4.50 per share. Sears Holdings had previously indicated it was willing to pay a higher price per share to acquire Restoration Hardware. Shareholders will be asking the Court to enjoin certain contractual provisions that preclude Sears Holdings from taking its proposal directly to Restoration Hardware's shareholders. Plaintiffs are represented by the law firms of Coughlin Stoia Geller Rudman & Robbins LLP and The Weiser Law Firm. For more information, contact Randall J. Baron or Stephen J. Oddo of Coughlin Stoia at 800/449-4900 or 619/231-1058.
COPYRIGHT 2008 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:May 19, 2008
Words:160
Previous Article:Former COO of the National Ground Intelligence Center Named President of Information Manufacturing Company.
Next Article:Complete Production Services, Inc. to Present at the UBS Global Oil and Gas Conference.
Topics:


Related Articles
Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit Against Office Depot, Inc.
Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit against Municipal Mortgage & Equity L.L.C.
Coughlin Stoia Geller Rudman & Robbins LLP Announces Settlement Agreement on Behalf of Shareholders of Restoration Hardware, Inc.
Shareholders Petition Court to Delay EDS/Hewlett-Packard Merger Vote, Announces Baron & Budd, P.C.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters