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

BOSTON, May 9, 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 Cost Plus, Inc. ("Cost Plus" or the "Company") (Nasdaq:  CPWM) with regards to the proposed acquisition of the Company by Bed Bath & Beyond Inc. (Nasdaq:  BBBY) valued at approximately $495 million.  The transaction is for $22.00 per share, or a paltry 19% premium over the Company's latest closing price on May 8, 2012.

Block & Leviton's investigation seeks to determine, among other things, whether Cost Plus's Directors breached their fiduciary duties by failing to maximize shareholder value in the proposed transaction.  The Company's share price had traded as high as $20.06 per share as recently as April 27, 2012.  Indeed, as noted by The Los Angeles Times:  "[Cost Plus's] stock has been on a tear since the start of the year, rising 85% through Tuesday."      

If you are a Cost Plus shareholder and have information relevant to this matter or have questions about your legal rights, please contact Philip Marino of Block & Leviton at (617) 398-5600 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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