Guess?, Inc. (NYSE: GES): Guess?, Inc.’s (“Guess” or the “Company”) board of directors is being investigated for breaching its fiduciary duties in connection with the pending sale of Guess to Authentic Brands Group LLC (“Authentic”) for $16.75 per share, which values the entirety of Guess at approximately $873 million (the “Merger”).
If you are a holder of Guess stock, you are encouraged to submit your information.
Why is Guess being Investigated?
Guess is a fashion retailer with global distribution and sales operations, including over 1,500 directly operated retail stores and distribution operations in approximately 100 countries. Guess was founded in 1981 by the Marciano family, who still own a significant portion of the Company’s stock. One of the founders, Paul Marciano, still sits on the Board and serves as the Chief Creative Officer of the Company.
Paul Marciano, along with other investors including Maurice Marciano (another founder who no longer serves on the Company’s board of directors) have negotiated to rollover their ownership in Guess to own up to 49% of the new intellectual property holding company post-closing, and 100% of the operating company post-closing.
BFA Law is investigating whether Guess’ board of directors, its executive officers, and/or any of the stockholders participating in the rollover have breached fiduciary duties to the stockholders in connection with the merger.
What Are My Rights?
If you currently own Guess stock, you may have rights under Delaware law to investigate whether or how Guess’s board of directors may have breached their fiduciary duties in connection with the merger.
Contact Us
If you own Guess stock, you are encouraged to submit your information using the form on this page to speak with an attorney about your rights.
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Why Bleichmar Fonti & Auld LLP?
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
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