LAWYERS COME OUT: It didn’t take long for the $170 million acquisition of Parlux Fragrances Inc. by Perfumania Holdings Inc. to get the attention of legal eagles. The merger transaction was unveiled Friday afternoon, and 79 minutes later the Rigrodsky & Long law firm made the first pitch for a possible shareholders’ lawsuit, saying it is “investigating potential claims against” the Parlux board over possible breaches of their fiduciary duty. Three other entities — Levi & Korsinsky, Faruqi & Faruqi and a combined query by The Briscoe Law Firm and Powers Taylor LLP — waited until Tuesday to enter the legal jostling. No lawsuit has been filed yet. Essentially, the law firms are testing the waters to see if any Parlux shareholders are interested in pursuing a lawsuit, one that typically seeks class action status and has the usual aim of trying to get a higher per-share purchase price. According to the terms of the deal, each Parlux share is valued at between $7.91 and $8.55. Parlux shares closed at $3.47 in over-the-counter trading Friday, and on Tuesday opened at $6.40 before ending the day’s trading session at $5.94. On Wednesday, shares of Parlux traded lower, closing at $5.36.

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