South Korea says North Korea has fired a projectile into waters off its eastern coast a day after launching three short-range missiles in the same area.Full Story >
South Korea is analyzing whether projectiles North Korea fired into its eastern waters over the weekend are short-range missiles or a new type of artillery the country may be developing, officials said Monday.Full Story >
Sunday, May 19 2013 11:06 PM EDT2013-05-20 03:06:31 GMT
(RNN) - Tornadoes have touched down in Oklahoma and Kansas, leaving a trail of damage.There are no reports of fatalities or injuries, but homes and businesses are damaged in Witchita, KS and outside ofFull Story >
A tornado outbreak in the Midwest caused heavy damage to homes and businesses and one death has been reported in Oklahoma. Full Story >
Sunday, May 19 2013 9:37 PM EDT2013-05-20 01:37:49 GMT
Police are investigating a shooting a in South Fairmount. Authorities were notified of a shooting in the 1700 block of Queen City Avenue around 9 p.m. on Sunday evening. Little information is known atFull Story >
Authorities were notified of a shooting in the 1700 block of Queen City Avenue around 9 p.m. on Sunday evening.Full Story >
Sunday, May 19 2013 8:34 PM EDT2013-05-20 00:34:24 GMT
In gift shops, party supply stores and the like, it seems the nation has been swept with mustache madness. Drawing on the pop culture phenomenon, organizers of this year's CincItalia have tapped Cincinnati'sFull Story >
In gift shops, party supply stores and the like, it seems the nation has been swept with mustache madness. Drawing on the pop culture phenomenon, organizers of this year's CincItalia have tapped Cincinnati's most recognized mustachioed fellow to help judge the first ever CincItalia Mustache Contest: Mr. Redlegs.Full Story >
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SOURCE Robbins Arroyo LLP
SAN DIEGO and CITY OF INDUSTRY, Calif., March 8, 2013 /PRNewswire/ -- Shareholder rights attorneys at Robbins Arroyo LLP are investigating the acquisition of Hot Topic, Inc. (NASDAQ: HOTT) by Sycamore Partners, Inc. On March 7, 2013, the two companies jointly announced the signing of a definitive merger agreement whereby Sycamore Partners will acquire Hot Topic for $14.00 per share.
Hot Topic Shareholders Might Not Receive Maximum Value for Their Stock
Robbins Arroyo LLP's investigation focuses on whether the board of directors at Hot Topic is undertaking a fair process to obtain maximum value and adequately compensate its shareholders in the merger or whether they are seeking to benefit themselves. The merger consideration is substantially below the $16.40 target price set by an analyst at B. Riley & Company on January 22, 2013.
On February 6, 2013, Hot Topic released its fourth quarter and full year 2012 earnings results, reflecting strong increases in net sales over the same periods in 2011. Specifically, Hot Topic reported a net increase in sales for the fourth quarter of 11%, to $233 million, while net sales for the full year increased to $741.8 million. Further, the company maintained its previously announced fiscal 2013 earnings estimate of growth of 30% to 35%, as compared to fiscal 2012. Commenting on these results, Lisa Harper, Chairman and CEO of Hot Topic stated, "we expect many of the company's new merchandising, system and process initiatives will continue to gain traction in 2013, supporting continued comp growth and additional margin expansion in all brands."
Given these facts, the firm is examining the board of directors' decision to sell Hot Topic now rather than allow shareholders to continue to participate in the company's continued success and future growth prospects.
Hot Topic shareholders have the option to file a class action lawsuit to secure the best possible price for shareholders and the disclosure of material information so shareholders can vote on the transaction in an informed manner. Hot Topic shareholders interested in information about their rights and potential remedies can contact Darnell R. Donahue at (800) 350-6003, email@example.com, or via the shareholder information form on the firm's website.
Robbins Arroyo 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. For more information, please go to http://www.robbinsarroyo.com.
Sunday, May 19 2013 4:02 PM EDT2013-05-19 20:02:29 GMT
To celebrate the 40th Anniversary of an episode of 'The Brady Bunch' that was filmed at Kings Island, stars from the show are returning to the park.Barry Williams (Greg Brady), Christopher Knight (PeterFull Story >
To celebrate the 40th Anniversary of an episode of 'The Brady Bunch' that was filmed at Kings Island, stars from the show returned to the park on Sunday.Full Story >
Sunday, May 19 2013 9:06 AM EDT2013-05-19 13:06:15 GMT
Powerball tickets are selling at a brisk pace with such a large jackpot at stake. Surging ticket sales have pushed the multi-state Powerball jackpot to a whopping $600 million. The odds of winning areFull Story >
It's all about the odds, and one lone ticket in Florida has beaten them all by matching each of the numbers drawn for the highest Powerball jackpot in history at an estimated $590.5 million, lottery officials said Sunday. Full Story >
Tuesday, May 7 2013 9:23 PM EDT2013-05-08 01:23:28 GMT
An Oregon City man said he was shot in the back while he was longboarding in his neighborhood Friday night. Zach Losness described something stinging his back as he rode his long board, a longer versionFull Story >
An Oregon City man said he was shot in the back while he was longboarding in his neighborhood Friday night. Zach Losness described something stinging his back as he rode his long board.Full Story >
CLEVELAND (AP) - Two state legislators want to end the requirement for two license plates on vehicles in Ohio and require only one per vehicle. The (Cleveland) Plain Dealer (http://bit.ly/15UkzDK) reportsFull Story >
Two state legislators want to end the requirement for two license plates on vehicles in Ohio and require only one per vehicle.Full Story >
Sunday, May 19 2013 4:51 PM EDT2013-05-19 20:51:38 GMT
A trooper sustains minor injuries after a police chase Sunday morning. Dispatchers say it all started at a rest area near Lebanon. Dispatchers report that troopers spotted a woman driving a vehicle thatFull Story >
A 43-year-old woman is in custody after leading troopers on a 23-mile pursuit and crashing into a police cruiser in Warren County. Full Story >
Saturday, May 18 2013 8:05 PM EDT2013-05-19 00:05:48 GMT
Image from Wikimedia Commons
A monkey is on the loose in Clermont County. The State Game Warden of Neville, Ohio states that he is looking for a loose monkey. It is unclear at this time where the monkey came from. Any sightingsFull Story >
A monkey on the loose in Clermont County was shot from a tree on Saturday afternoon.
Monday, May 6 2013 1:29 PM EDT2013-05-06 17:29:07 GMT
A man charged with public indecency is expected to appear in court. Police say 36-year-old Jason Fletcher and Laura Oditt engaged in sexual conduct in a public place. The location is not named in courtFull Story >
A man charged with public indecency is expected to appear in court.Full Story >
Sunday, May 19 2013 4:24 AM EDT2013-05-19 08:24:11 GMT
DES MOINES, IOWA (KCCI/CNN) - A reunion between a special dog and a special man happened in Iowa Friday. Sgt. Ross Gundlach, a U.S. Marine, has a surprise reunion with Casey, a yellow Labrador that helpedFull Story >
A reunion between a special dog and a special man happened in Iowa Friday.Full Story >
Friday, May 17 2013 11:18 PM EDT2013-05-18 03:18:36 GMT
FOX19 has exclusively learned that as many as five people could be the first Cincinnati IRS employees to face disciplinary action for allegedly targeting Tea Party and Liberty groups applying for non-profit status. Full Story >
FOX19 has exclusively learned that as many as five people could be the first Cincinnati IRS employees to face disciplinary action, and possibly even criminal charges, for allegedly targeting Tea Party and Liberty groups applying for non-profit status.Full Story >