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Charming Shoppes, Inc. (NASDAQ:CHRS) Investor Files Lawsuit Against Directors Over Alleged Breaches Of Fiduciary Duties In Takeover By Ascena Retail Group

  • If you purchased shares of Charming Shoppes, Inc. (NASDAQ:CHRS) prior to May 2, 2012 and currently hold any of those NASDAQ:CHRS shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

May 29, 2012 (Shareholders Foundation) -- An investor in NASDAQ:CHRS shares filed a lawsuit against members of the board of directors of Charming Shoppes, Inc. in effort to stop the proposed sale of Charming Shoppes, Inc. to Ascena Retail Group at $7.35 per NASDAQ:CHRS share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:CHRS investors arisi...



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