NEW YORK, Feb. 28, 2014 (GLOBE NEWSWIRE) -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Zale Corporation ("Zale" or the "Company") (NYSE:ZLC) for potential breaches of fiduciary duties in connection with the sale of the Company to Signet for approximately $690 million. The Company's stockholders will receive $21 per share for each share of Zale common stock they own. A complaint was filed in Delaware Chancery Court.
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The investigation focuses on whether Zale's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Zale's shareholders.
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If you own common stock in Zale and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ZLC or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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CONTACT: Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. email@example.com Toll Free: (877) 247-4292 Phone: (212) 983-9330Source:Faruqi & Faruqi LLP