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Law Firm Brower Piven Announces Class Action Lawsuit in Connection With Claims of Breaches of Fiduciary Duty by the Board of Maidenform, Inc. in Connection With a Proposed Buyout

STEVENSON, Md., July 31, 2013 (GLOBE NEWSWIRE) -- The securities litigation firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the Delaware Chancery Court on behalf of all common stockholders of Maidenform, Inc. ("Maidenform" or the "Company") (NYSE:MFB).

According to the complaint, under the terms of the proposed transaction, HanesBrands, Inc. ("Hanes") would acquire the outstanding shares of Maidenform for $23.50 per share in cash. The complaint alleges that the proposed transaction is the result of an unfair process that fails to maximize stockholder value, and is designed to ensure the acquisition of Maidenform by Hanes on terms preferential to Hanes and Company insiders but detrimental to Maidenform public stockholders. The complaint also alleges that the proposed consideration agreed to by the defendants is grossly unfair.

If you currently own common stock of Maidenform and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

CONTACT: Brower Piven, A Professional Corporation Stevenson, Maryland Charles J. Piven, (410) 415-6616 hoffman@browerpiven.comSource: Brower Piven, A Professional Corporation