Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of Golfsmith International Holdings, Inc. (NASDAQ: GOLF) in connection with their efforts to sell the company to Golf Town. Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly.  You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.

On May 14, 2012, Golfsmith announced that it had entered into a definitive merger agreement to be acquired by Golf Town.  According to the terms of the deal, Golf Town will acquire all outstanding shares of the company through an all-cash transaction.  Pursuant to the agreement, Golfsmith shareholders will receive $6.10 in cash for each share of the company they own.  The transaction is expected to close during the third quarter of 2012. 

Robbins Umeda LLP’s investigation focuses on whether Golfsmith’s board is undertaking a fair process to obtain maximum value and adequately compensate shareholders in light of the company’s recent positive financial results.  On March 1, 2012, Golfsmith reported strong operating results for the fourth quarter of fiscal year 2011.  The company reported $74.5 million in revenue during the fourth quarter of 2011, a 2.3% increase over the $72.9 million in revenue reported during the same quarter of the previous fiscal year.   Furthermore, at least one leading market analyst has released a target price for Golfsmith that values the company stock at $7.50 per share, considerably higher than the value currently being offered by Golf Town as part of the proposed transaction.   Given the company’s impressive financial results and recent target prices, Robbins Umeda LLP is examining the board’s decision to sell Golfsmith now rather than allow shareholders to continue to participate in the company’s continued success and future growth prospects. 

Additionally, Robbins Umeda LLP is investigating whether self-dealing and other employment guarantees played a part in the decision by the board at Golfsmith to enter into the merger agreement with Golf Town.  According to the terms of the deal, Martin Hanaka, the current Chief Executive Officer of Golfsmith, will receive a new position as Chief Executive Officer of the surviving corporation.   In addition, Sue Grove, the current President, Chief Operating Officer and Chief Financial Officer of Golfsmith, is expected to become the President and Chief Operating Officer of the surviving corporation upon closure of the transaction.

Robbins Umeda LLP attorneys highlight that Golfsmith’s shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company’s shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.

Shareholder Information

Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of Advocat Inc. (NASDAQ: AVCA) relating to the proposed acquisition by Covington Investments, LLC.  Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly.  You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.

Robbins Umeda LLP is investigating whether Advocat’s board is acting in the best interest of shareholders.  On May 11, 2012, Covington announced that it submitted a merger proposal to the board of Advocat on May 11, 2012.  Under the terms of the proposal, Advocat shareholders would receive $8.50 in cash for each share of the company they own.  The proposal represents a 96% premium for Advocat shareholders.

Further, on May 11, 2012, Covington revealed that it had previously made three compelling proposals to acquire Advocat beginning on February 27, 2012, and that Advocat’s board has shown no interest in negotiating a transaction.  Given the board of Advocat’s refusals to explore an acquisition proposal, the firm is investigating whether officers and directors at the company are working to maximize value for Advocat shareholders or to preserve their own leadership positions at the company. 

Robbins Umeda LLP notes that a potentially appropriate course of conduct for Advocat shareholders is to file a class action against the company’s board to attempt to ensure that it negotiates with Covington and other potential suitors in good faith and in a manner that maximizes shareholder value.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Shareholder Information

Robbins Umeda LLP is investigating possible breaches of fiduciary duty and other violations of the law by certain officers and directors at MAKO Surgical Corp. (NASDAQ: MAKO).  Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly.  You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.

Robbins Umeda LLP is investigating whether officers and directors of MAKO breached their fiduciary duties to shareholders and the company by causing MAKO to issue improper statements related to its business and operations.  In particular, the firm is examining allegations that MAKO misrepresented and omitted adverse facts concerning the commercial success of the company’s Robotic Arm Interactive Orthopedic (“RIO”) operative system, and issued financial guidance for 2012 that lacked a reasonable basis.    

On May 7, 2012, MAKO announced financial results for the first quarter of 2012 that showed the company was performing well below expectations.  The company revealed that revenue for the first quarter of 2012 dropped approximately 40% from the previous fiscal quarter, missing analysts’ consensus estimates by as much as 20%.  Additionally, MAKO disclosed that procedure volume on the RIO system fell below analyst estimates by approximately 5%, and that RIO system placements also missed analyst targets during the first quarter of 2012.  In conjunction with these disappointing results, the company also lowered its full-year 2012 placement guidance for its RIO system. 

On this news, MAKO’s market capitalization collapsed by nearly 37% in a single day.  Since these allegations have surfaced, MAKO has increasingly become the focus of costly public and legal scrutiny, while deficient internal controls continue to threaten the company’s business prospects and intrinsic value for shareholders.

Robbins Umeda LLP highlights that MAKO shareholders have the option to file a shareholder derivative action to hold those officers and directors accountable for damaging the company.  Remedies commonly sought in derivative actions include corporate governance reforms designed to prevent future misconduct, removal of officers or directors whose misconduct injured the corporation, and monetary payments in the form of damages and disgorgement of ill-gotten gains.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Shareholder Information

Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of Cost Plus, Inc. (NASDAQ: CPWM) in connection with their efforts to sell the company to Bed Bath & Beyond, Inc. (NASDAQ: BBBY).  Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly.  You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.

On May 9, 2012, Cost Plus announced that it had entered into a definitive merger agreement to be acquired by Bed Bath & Beyond.  According to the terms of the deal, Bed Bath & Beyond will acquire all outstanding shares of the company through a cash tender offer.  Pursuant to the agreement, Cost Plus shareholders will receive $22.00 in cash for each share of the company they own.  The transaction is expected to close during Bed Bath & Beyond’s second fiscal quarter ended August 2012.       

Robbins Umeda LLP’s investigation focuses on whether the board at Cost Plus is undertaking a fair process to obtain maximum value and adequately compensate shareholders in light of the company’s recent positive financial results.   Specifically, on March 22, 2012, Cost Plus reported strong operating results for the fourth quarter of fiscal year 2011 that beat analyst expectations. The company reported diluted EPS of $1.55, a 26.0% increase over diluted EPS of $1.23 reported for the fourth quarter of 2010.   Additionally, Cost Plus reported that net sales for the fourth quarter of fiscal year 2011 topped $364.3 million, a 6.6% increase over the $341.6 million in net sales reported during the same quarter of the previous fiscal year and above consensus estimates of $361.8 million.

Given the company’s impressive financial results, Robbins Umeda LLP is examining the board’s decision to sell Cost Plus now rather than allow shareholders to continue to participate in the company’s continued success and future growth prospects. 

Robbins Umeda LLP attorneys highlight that Cost Plus shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company’s shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Shareholder Information

Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of DigitalGlobe, Inc. (NYSE: DGI) relating to the proposed acquisition by GeoEye, Inc. (NASDAQ: GEOY).  Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly.  You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.

Robbins Umeda LLP is investigating whether DigitalGlobe’s board is acting in the best interest of shareholders.  On May 4, 2012, GeoEye announced a proposal to acquire all outstanding shares of DigitalGlobe for $17.00 per share, payable $8.50 per share in cash and 0.3537 shares of GeoEye stock. 

On May 6, 2012, DigitalGlobe’s board issued a press release announcing that it had rejected GeoEye’s acquisition proposal.  As DigitalGlobe’s board continues to weigh strategic alternatives, the firm is examining whether officers and directors at the company are working to maximize value for DigitalGlobe shareholders or to preserve their own leadership positions at the company. 

Robbins Umeda LLP notes that a potentially appropriate course of conduct for DigitalGlobe shareholders is to file a class action against the company’s board to attempt to ensure that it negotiates with GeoEye and other potential suitors in good faith and in a manner that maximizes shareholder value.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Shareholder Information