Published: January 30, 2012
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of The Pep Boys - Manny, Moe & Jack in Connection with the Sale of the Company to The Gores Group
NEW YORK - (BUSINESS WIRE) - Levi & Korsinsky is investigating the Board of Directors of The Pep Boys
- Manny, Moe & Jack ("Pep Boys " or the "Company" ) (NYSE: PBY) for
possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to The Gores Group. Under the
terms of the transaction, Pep Boys shareholders will receive $15.00 for
each share of Pep Boys stock they own. The transaction has a total
approximate value of $1.0 billion.
Click here to learn how to join the action: http://www.zlk.com/pep-boys-pby,
or call: 877-363-5972.
The investigation concerns whether the Pep Boys Board of Directors
breached their fiduciary duties to Pep Boys stockholders by failing to
adequately shop the Company before entering into this transaction and
whether The Gores Group is underpaying for Pep Boys shares, thus
unlawfully harming Pep Boys stockholders. In particular, at least one
analyst set a price target of $17.00 per Pep Boys share.
If you own common stock in PBY and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting investor
securities litigation involving financial fraud and represents investors
throughout the nation, concentrating its practice in securities and
shareholder litigation. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising. Prior
results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky,
Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax:
212-363-7171
www.zlk.com
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