Archive for March, 2015

Excel Trust Shareholder Alert – Investors encouraged to contact law firm

EXCEL TRUST SHAREHOLDER ALERT – National Securities Law Firm Seeks Higher Price for Excel Trust Shareholders in Connection with its Acquisition. Encourages Shareholders to Contact Law Firm for More Information

March 16, 2015
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Excel Trust, Inc. (NYSE: “EXL”) (“Excel” or the “Company”) on behalf of its shareholders. Excel announced that it has entered into a definitive agreement with Blackstone Property Partners L.P., under which Blackstone will acquire all outstanding shares of common stock of Excel for $15.85 per share.

Our investigation has determined that the offer price of only $15.85 per share unfairly under-values the true going forward inherent value of Excel and that shareholders are not receiving the maximum value for their shares. Indeed, among other things, an analyst has projected that Excel’s stock is worth at least $16 per share. The investigation further seeks to determine whether senior management of Excel are acting in their own self-interests at the expense of shareholders.

If you are a shareholder of Excel and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.

Life Time Fitness Shareholder Alert – Investors encouraged to contact law firm

Life Time Fitness Shareholder Alert – National Securities Law Firm Seeks Higher Price For Shareholders In Connection With Acquisition. Encourages Shareholders To Contact Law Firm For More Information

March 16, 2015
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Life Time Fitness, Inc. (NYSE: “LTM”) (“Life Time” or the “Company”) on behalf of its shareholders. Leonard Green & Partners and TPG announced that they, along with LNK Partners and Life Time Chairman, President and Chief Executive Officer, Bahram Akradi, will acquire the remaining shares of Life Time common stock that they do not already own for only $72.10 per share in cash.

Our investigation seeks to determine whether the offer price of only $72.10 per share unfairly under-values the true going forward inherent value of the Company and whether shareholders are not receiving the maximum value for their shares. The investigation further seeks to determine whether senior management of Life Time, in particular, Bahram Akradi, are acting in their own self-interests at the expense of shareholders. Akradi, who will remain in his role as Chairman, President and CEO, has committed to make a rollover investment of $125 million in Life Time.

If you are a shareholder of Life Time and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.

ISSI Shareholder Alert – Investors encouraged to contact law firm

ISSI Shareholder Alert – National Securities Law Firm Seeks Higher Price for Shareholders in Connection with Acquisition. Encourages Shareholders to Contact Law Firm for More Information

March 13, 2015
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Integrated Silicon Solution Inc. (NASDAQ: “ISSI”) (“ISSI” or the “Company”) on behalf of its shareholders. A Chinese consortium of investors led by Summitview Capital (the “Consortium”), announced that they have entered into a definitive merger agreement under which the Consortium will acquire all of the outstanding shares of ISSI for $19.25 per share in cash.

Our investigation has determined that the offer price of only $19.25 per share unfairly under-values the true going forward inherent value of the Company and that shareholders are not receiving the maximum value for their shares. Indeed, among other things, analysts have projected that ISSI is worth at least $20 per share, and the Company has over $132 million in cash or $4.20 per share in cash on its books. The investigation further seeks to determine whether senior management of ISSI are acting in their own self-interests at the expense of shareholders.

If you are a shareholder of ISSI and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.

Appliance Recycling Alert – Investors encouraged to contact law firm

Appliance Recycling Alert: National Securities Law Firm Announces Class Action Lawsuit in Connection With Potential Accounting Irregularities. Encourages Investors With Losses to Contact Law Firm for More Information.

March 7, 2015
New York, New York

Tripp Levy PLLC, a leading national securities law firm, announces that a federal securities class action lawsuit was filed against Appliance Recycling Centers of America, Inc. (“ARC” or the “Company”) (Nasdaq:ARCI) and certain of its officers. The lawsuit was filed in the United States District Court for the Central District of California, Case Number 2:15-cv-01654, on behalf of all persons or entities that purchased the common stock of ARC between March 15, 2012 and February 11, 2015 (the “Class Period”).

The complaint alleges that defendants made false and misleading statements in connection with potential accounting irregularities by the Company. Specifically, the complaint alleges, among other things, that (i) ARC’s financial statements contained errors concerning sales tax related to its appliance replacement programs; and (ii) the Company lacked adequate internal controls over its financial reporting. On August 6, 2014, the Company announced that the California Board of Equalization (“BOE”) was conducting an examination of sales and use taxes covering ARC’s appliance replacement sales. Thereafter, on February 11, 2015, the Company announced that it expects an assessment of at least $4.0 million from the BOE, and will need to restate its previously issued financial statement for the years ended December 28, 2013, December 29, 2012 and December 31, 2011, for the quarters in those years, and for the quarters ended March 29, June 28 and September 27, 2014.

Since the announcement of the BOE examination on August 6, 2014, the Company’s stock has fallen from $4.10 to $2.54 per share on February 12, 2015, a decline of over 61%.

If you purchased shares of ARC during the Class Period and have suffered a loss from your investment in ARC common stock and would like to learn more about this lawsuit and your ability to potentially recover your losses, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.

Dynamic Materials Alert – Investors encouraged to contact law firm

Dynamic Materials Alert: National Securities Law Firm Announces Investigation of Potential Accounting Irregularities. Encourages Investors With Significant Losses to Contact Law Firm for More Information

March 5, 2015
New York, New York

Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating Dynamic Materials Corp. (“Dynamic” or the “Company”) (“NASDAQ: BOOM”) in connection with potential accounting irregularities by the Company.

On March 5, 2015, Dynamic announced that it had incorrectly accounted for income tax expense and related deferred tax assets and liabilities at its business entities in Germany. As a result of this determination, the Company plans to restate its consolidated financial statements for the years ended December 31, 2013 and 2012, the four quarters of 2013, and the first, second and third quarters of 2014 (the “Relevant Financial Statements”), primarily to reflect this correction as well as to correct other items. Consequently, the Audit Committee concluded that the Relevant Financial Statements and related disclosures included in the Company’s annual reports on Form 10-K for the years ended December 31, 2013 and 2012 and each of the quarterly reports on Form 10-Q for the quarters ended March 31, June 30 and September 30, 2014 and 2013 should no longer be relied upon. Management’s report on internal controls over financial reporting for the year ended December 31, 2013 also should no longer be relied upon. Additionally, Ernst & Young’s opinions on the consolidated financial statements for the years ended December 31, 2013 and 2012, as well as its opinion on the effectiveness of internal control over financial reporting as of December 31, 2013, should no longer be relied upon. Similarly, related press releases and Company presentations describing the Relevant Financial Statements should no longer be relied upon.

On this news, shares of Dynamic fell $1.17per share to $14.36 per share or more than 7.5% during intraday trading.

If you purchased shares of Dynamic and have suffered a significant loss from your investment in Dynamic common stock and would like to learn more about this lawsuit and your ability to potentially recover your losses, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC is a leading national securities and shareholder rights law firm representing both individual and institutional shareholders and, along with its affiliate, have recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.”

Attorney advertising. Prior results do not indicate a similar outcome

^