STEVENSON, Md., Nov. 13, 2017 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, notifies investors that a class action lawsuit has been commenced in the United States District Court for the Eastern District of Tennessee on behalf of all common stockholders of Ruby Tuesday, Inc. (NYSE:RT) (“Ruby Tuesday” or the “Company”) opposing the proposed acquisition of Ruby Tuesday by NRD Capital. As a result of the merger, Ruby Tuesday shareholders are anticipated to receive $2.40 in cash in exchange for each share of Ruby Tuesday.
The complaint seeks relief on behalf of the named plaintiff and all other similarly situated shareholders of Ruby Tuesday and asserts that the Company’s Board of Directors breached their fiduciary duties by failing to maximize shareholder value and/or protect the interests of Ruby Tuesday shareholders.
If you currently own common stock of Ruby Tuesday and would like to learn more about this lawsuit and your ability to participate as a plaintiff without cost or obligation to you, please request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com