NASDAQ GS
SKUL

Skullcandy, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Skullcandy, Inc. (NASDAQ GS: SKUL) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Skullcandy, Inc. (“Skullcandy” or the “Company”) (NASDAQ GS: SKUL) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Incipio LLC (“Incipio”), in a transaction valued at approximately $177 million.

Under the terms of the agreement, shareholders of Skullcandy will receive $5.75 in cash for each share of Skullcandy common stock.

The investigation concerns whether Skullcandy’s board of directors failed to adequately shop the Company and obtain the best possible value for Skullcandy shareholders before entering into an agreement with Incipio.  According to Yahoo! Finance, at least one analyst has issued a price target for Skullcandy stock at $7.00 per share.

If you own the common stock of Skullcandy and purchased your shares before June 24, 2016, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

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.

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