Block & Leviton LLP Investigates Adams Golf, Inc.'s Board of Directors for Possible Breaches of Fiduciary Duty

BOSTON, March 19, 2012 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, has commenced an investigation into possible breaches of fiduciary duties by the Board of Directors of Adams Golf, Inc. ("Adams Golf" or the "Company") (NASDAQ: ADGF) with regards to the proposed acquisition of the Company by the TaylorMade-adidas Golf Company ("TaylorMade").  The transaction is for $10.80 per share in cash and is valued as approximately $70 million. 

Block & Leviton's investigation seeks to determine, among other things, whether Adams Golf's Directors breached their fiduciary duties by failing to maximize shareholder value in the proposed transaction.  The offer price of $10.80 per share represents only a 9.5 percent premium over closing stock price on March 16, 2002.  Adams Golf recently announced record net sales of $96.5 million for the year ended December 31, 2011, as well as net profit of $14.5 million, or $1.79 per fully diluted share. 

If you are an Adams Golf shareholder and have questions about your legal rights, please contact Mark Delaney at (617) 398-5650 or email him at [email protected].

Block & Leviton is a Boston-based law firm representing investors for violations of securities laws.  The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years.

This notice may constitute attorney advertising.

SOURCE Block & Leviton LLP

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