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Saks Inc (NYSE:SKS) Investor Files Lawsuit Over Alleged Wrongdoing In Takeover By Hudson's Bay Company

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Lawsuit Overview

August 6, 2013 (Shareholders Foundation) - An investor, who currently holds shares of Saks Inc (NYSE:SKS), filed a lawsuit in effort to halt the proposed takeover of Saks Inc by Hudson's Bay Company for $16.00 per NYSE:SKS share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:SKS stockholder arising out of the attempt to sell Saks Inc too cheap...

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