Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of 99 Cents Only Stores, in Connection with ...

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of 99 Cents Only Stores (the “Company”) (NYSE:NDN) related to a proposal from members of the Schiffer/Gold family, together with Leonard Green & Partners, L.P., to acquire all outstanding shares of the Company’s stock.

Under the terms of the proposal, 99 Cents Only Stores shareholders would receive $19.09 in cash for each share they own of the Company’s stock. The Schiffer/Gold family owns approximately 33% of the Company’s outstanding common stock. The investigation concerns possible breaches of fiduciary duty and other violations of law related to consideration of the proposed going-private transaction by 99 Cents Only Stores’ board of directors.

If you are a shareholder of 99 Cents Only Stores, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.