Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of 99 Cents Only Stores® ...

The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of 99 Cents Only Stores® ("99 Cents" or the "Company") (NYSE: NDN) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a “going private” proposal from the members of the Schiffer/Gold family, together with Leonard Green & Partners, L.P. ("LGP"). Under the terms of the proposed transaction, 99 Cents common stockholders are being offered $19.09 in cash for each share of 99 Cents they own. The Schiffer/Gold family owns approximately 33% of the Company's outstanding common stock, and the letter to the Company states that they are prepared to contribute a substantial portion of their existing Company stock ownership as part of the proposed transaction.

The investigation involves whether the Board of Directors of 99 Cents is breaching fiduciary duties to 99 Cents stockholders by failing to adequately shop the Company and whether 99 Cents is disclosing all material information to shareholders about the proposed transaction. Specifically, according to Yahoo Finance, one analyst has set a target price for the Company’ stock at $22.00 per share.

If you own stock in 99 Cents and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at [e-mail] or by telephone at [phone].

The Law Office of Jonathan M. Stein, P.L. represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, www.jonathansteinlaw.com, and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.

    
      
        
          Jonathan M. Stein, Esq.
        
      
      
        
          Law Office of Jonathan M. Stein, P.L.
        
      
      
        
          120 E. Palmetto Park Rd., Suite 420
        
      
      
        
          Boca Raton, FL 33432
        
      
      
        
          [phone]
        
      
      
        
          

[e-mail]

www.jonathansteinlaw.com