The Law Firm of Weiss & Lurie Investigates The Pep Boys—Manny, Moe & Jack

Published on Monday, 30 January 2012 18:19 Written by TradersHuddle Staff

NEW YORK-( Business Wire )-

Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of The Pep Boys—Manny, Moe & Jack (NYSE: PBY) arising from its agreement for the Company to be acquired by The Gores Group for $15.00 per share.

Weiss & Lurie is investigating whether Pep Boys’ Board acted in the best interests of its shareholders in approving the transaction and whether the Board took steps to maximize the value of Pep Boys stock, such as by providing a level playing field to competing bidders or by considering alternative transactions. Prior to the announcement of the deal, Pep Boys stock traded at a 52-week high of $14.70 per share in February 2011, and at least two analysts set the price target for Pep Boys stock above the offer price, with the high target at $17.00 per share. Moreover, in December 2011, Pep Boys announced that its “service business started to rebound” in its third quarter ended October 29, 2011, and that its net earnings rose 23% from the same period in 2010.

If you own Pep Boys shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Julia J. Sun either by email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it. or by telephone at (888) 593-4771.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it. or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

Attorney Advertising. Past results do not guarantee a similar outcome.

Weiss & LurieJulia J. Sun, Esq.1500 Broadway, 16th FloorNew York, NY 10036T: 212-682-3025F: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.