Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Wednesday, May 27, 2015
Faruqi & Faruqi Investigation: Geeknet, Inc.
Faruqi & Faruqi, LLP Announces the Investigation of Geeknet, Inc. (GKNT) Over the Proposed Sale of the Company to Hot Topic
May 26, 2015 –Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Geeknet, Inc. (“Geeknet” or the “Company”) (NASDAQ: GKNT) for potential breaches of fiduciary duties in connection with the sale of the Company to Hot Topic for approximately $122 million. The Company’s stockholders will only receive $17.50 for each share of Geeknet common stock they own. Geeknet stock has traded significantly higher than the offer price over the past two calendar years.
If you own common stock in Geeknet and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F'sJuan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.