The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of 99 Cents O...

The Law Office of Abe Shainberg is investigating the Board of Directors of 99 Cents Only Stores (NYSE: NDN) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of an acquisition proposal from members of the Schiffer/Gold family and Leonard Green & Partners, L.P. Under the terms of the proposed transaction, 99 Cents Only Stores stockholders would receive $19.09 in cash per share. Currently the Schiffer/Gold family owns approximately 33% of the Company’s outstanding common stock.

The investigation concerns whether the 99 Cents Only Stores Board of Directors is adequately shopping the Company in order to obtain the best possible deal for 99 Cents Only Stores’ shareholders. According to Yahoo! Finance, at least one analyst set a price target for 99 Cents Only Stores stock at $22.00 per share.

If you own common stock in 99 Cents Only Stores and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [e-mail] or by telephone at [phone], or visit http://www.ashainberglaw.com/99cents-only-stores-ndn.html.

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:Abe Shainberg, Esq.132 East 43rd Street, Suite 512New York, NY 10017Tel: [phone]Fax: [phone]Email: [e-mail]