Morgan & Morgan Announces the Investigation of the Fairness of the Sale of Zulily, Inc. - ZU

NEW YORK, Aug. 18, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the board of directors of Zulily, Inc. ("Zulily" or the "Company") (NasdaqGS: ZU) concerning possible breaches of fiduciary duty and other violations of law related to the sale of the Company to Liberty Interactive Corporation ("Liberty") in a transaction valued at approximately $2.4 billion.

If you own shares of Zulily and would like to learn more about the Zulily shareholder investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email [email protected].

Under the terms of the transaction, Zulily shareholders will receive $18.75 per share, which consists of $9.375 in cash and 0.3098 in newly issued Liberty stock for each share of Zulily they own. The investigation relates to whether the sale is fair to the public shareholders and if the Company's Board of Directors breached their fiduciary duties to shareholders.

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms. In addition to shareholder rights, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability.  All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."

Attorney advertising. Prior results do not guarantee a similar outcome.

Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44^th Street
Suite 2001
New York, NY 10036
1-800-732-5200
[email protected]

SOURCE Morgan & Morgan

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