Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Skullcandy, Inc.
Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Utah, case no. 2:16-cv-00810, on behalf of shareholders of Skullcandy, Inc. (“Skullcandy” or the “Company”) (NasdaqGS:SKUL) who held Skullcandy securities and have been harmed by Skullcandy’s and its board of directors’ (the “Board”) alleged violations of Sections 14(d)(4), 14(e), and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and of the United States Securities and Exchange Commission (“SEC”) Rule 14d-9 in connection with the sale of the Company to Incipio, LLC (“Incipio”).
On June 23, 2016, the Company entered into an Agreement and Plan of Merger (“Merger Agreement”) under which Incipio will acquire all of the outstanding shares of Skullcandy through an all-cash tender offer followed by a second-step merger (the “Proposed Transaction”).
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact Nadeem Faruqi, Esq.or James Banko, Esq. via telephone at (212) 983-9330 or via e-mail at firstname.lastname@example.org or email@example.com respectively.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
* The submission of this form does not create an attorney-client relationship.
James R. Banko
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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