Law Office of Brodsky & Smith, LLC Announces Investigation of Swank, Inc.

Published on Wednesday, 08 February 2012 00:00 Written by TradersHuddle Staff

BALA CYNWYD, Pa., Feb. 7, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Swank, Inc. ("Swank" or the "Company") (PINKSHEETS –SNKI) relating to the proposed acquisition by Randa Accessories Leather Goods LLC ("Randa").

Under the terms of the transaction, Swank shareholders would receive $10.00 in cash for each share of Swank stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Swank for not acting in the Company's shareholders' best interests in connection with the sale process to Randa. The transaction may undervalue Swank. Under terms of the merger agreement, Swank may solicit alternative acquisition proposals from third parties for a 35-day "Go Shop" period but provides Randa with a right to match any superior proposals. This makes it less likely that a superior acquisition proposal will be received.

If you own shares of Swank stock and wish to discuss the legal ramifications of the proposed transaction, 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 This e-mail address is being protected from spambots. You need JavaScript enabled to view it. , visiting http://brodsky-smith.com/381-snki.pk-swank-inc.html, or by calling toll free 877-LEGAL-90.

SOURCE Brodsky & Smith, LLC