SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of A...

Rigrodsky & Long, P.A. announces a complaint alleging breaches of fiduciary duty and other violations of law has been filed in Delaware Court of Chancery against the board of directors of Arden Group, Inc. (“Arden” or the “Company”) (NASDAQ GM: ARDNA) in connection with the Company’s entry into an agreement to be acquired by global private investment firm TPG, in a transaction valued at approximately $394 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/arden-group-inc-ardna.

Under the terms of the agreement, public shareholders of Arden will receive $126.50 per share in cash for each share of Arden they own.

The complaint alleges that Arden’s board of directors failed to adequately shop the Company and obtain the best possible value for Arden’s shareholders before entering into an agreement with TPG.

If you own the common stock of Arden, purchased your shares before December 20, 2013, and would like to learn more about these allegations, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803; by telephone at [phone]; by e-mail to [e-mail]; or at: http://www.rigrodskylong.com/investigations/arden-group-inc-ardna.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Rigrodsky & Long, P.A.Seth D. RigrodskyGina M. Serra888-969-4242302-295-5310Fax: [e-mail]://www.rigrodskylong.com