JAKKS Pacific, Inc. Under Investigation by the Briscoe Law Firm and Powers Taylor, LLP.
An investigation on Board of Directors and senior officers of JAKKS Pacific, Inc. is been carried out by The Briscoe Law Firm and Powers Taylor, LLP. JAKKS Pacific is been inspected to find out the possible breaches of fiduciary duties to shareholders in estimating a recent coup offer from funds administered by Oaktree Capital Management, L.P. The ultimate acquirement agreement occupies an all cash transaction valued at just about $670 million. In particular, the analysis seeks to determine if the Board of Directors and senior officers are engaging in a just sales process, sufficiently representing the rights of the shareholders, and seeking to capitalize the sales price for the shareholders. As per the proposed sale, the shareholders would receive $20.00 in cash for each share of stock owned.