August 23, 2011 (San Diego, CA) – Robbins Umeda LLP announces that the firm commenced a class action lawsuit on July 27, 2011, in the U.S. District Court for the District of Massachusetts on behalf of all persons who hold shares of common stock of BJ’s Wholesale Club, Inc. (“BJ’s Wholesale Club” or the “Company”) (NYSE: BJ) against BJ’s Wholesale Club and its board of directors for violations of sections 14(a) and 20(a) of the Securities and Exchange Act of 1934 in connection with the proposed acquisition of BJ’s by Leonard Green & Partners, L.P. (“LGP”) and CVC Capital Partners Advisory (U.S.), Inc. (“CVC”).
The complaint arises out of a June 29, 2011 press release announcing that BJ’s Wholesale Club entered into a definitive merger agreement with LGP and CVC, pursuant to which BJ’s Wholesale Club shareholders would receive $51.25 for each share of BJ’s Wholesale Club they own (the “Proposed Acquisition”).
The complaint alleges that certain of the defendants, in connection with Proposed Acquisition, breached or aided and abetted the other defendants’ breaches of their fiduciary duties of loyalty and due care, as well as federal securities laws. The complaint further alleges that, in an attempt to secure shareholder approval of the Proposed Acquisition, the defendants filed a false and materially misleading Form 14A Preliminary Proxy Statement. The omitted and/or misrepresented information is believed to be material in assisting BJ’s Wholesale Club shareholders in making an informed decision whether or not to vote in favor of the Proposed Acquisition.
Plaintiff seeks injunctive relief on behalf of all BJ’s Wholesale Club shareholders as of June 29, 2011 (the “Class”). The plaintiff is represented by Robbins Umeda LLP.
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from August 23, 2011. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Gregory E. Del Gaizo, Esq. of Robbins Umeda LLP at 800-350-6003 or via the shareholder information form below. Any member of the 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.
* The firm name changed from Robbins Umeda LLP to Robbins LLP on January 1, 2013.