Investigation Commenced by Levi & Korsinsky, LLP into Nordstrom, Inc.’s Acquisition
On April 3, 2025, Levi & Korsinsky, LLP notified all persons or entities who purchased Nordstrom, Inc. (JWN) stock prior to December 22, 2024, of an ongoing investigation into the fairness of the acquisition of the Company. The acquisition in question was made by the Nordstrom Family, including Erik, Pete, Jamie Nordstrom, and other family members, and El Puerto de Liverpool, S.A.B.
Background on the Acquisition
Nordstrom, Inc., a leading fashion retailer based in the United States, was acquired by the Nordstrom Family and El Puerto de Liverpool, S.A.B., a Spanish retail company, in a deal valued at approximately $50 billion. The acquisition was announced on December 22, 2024, and was expected to close in the first half of 2025. The Nordstrom Family, who previously owned a minority stake in the Company, will now hold a majority stake, with El Puerto de Liverpool, S.A.B. becoming a significant minority shareholder.
The Investigation
Levi & Korsinsky, LLP, a securities litigation firm, is investigating whether the acquisition price is fair to Nordstrom stockholders. The firm is examining whether the Company’s board of directors breached their fiduciary duties by agreeing to the proposed transaction, specifically whether they adequately shopped the Company to determine if there were other bidders and whether the consideration offered to stockholders is fair. The investigation also looks into whether the Company issued any materially false and misleading statements or omitted material information in its public disclosures.
Impact on JWN Stockholders
If you own JWN stock and purchased your shares prior to December 22, 2024, you may be eligible to participate in the investigation. Levi & Korsinsky, LLP is encouraging all affected persons to contact the firm to discuss their potential legal rights and options. The investigation may lead to a securities class action lawsuit on behalf of JWN stockholders.
Impact on the World
The outcome of this investigation could have significant implications for the retail industry as a whole. If it is found that the Nordstrom board breached their fiduciary duties or that shareholders were not fairly compensated, it could lead to increased scrutiny of similar transactions in the future. It may also impact investor confidence in the retail sector and potentially lead to increased volatility in JWN stock.
Conclusion
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of Nordstrom, Inc. by the Nordstrom Family and El Puerto de Liverpool, S.A.B. Stockholders who purchased JWN shares prior to December 22, 2024, are encouraged to contact the firm to discuss their potential legal rights and options. The outcome of this investigation could have far-reaching implications for the retail industry and investor confidence in the sector.
- Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of Nordstrom, Inc.
- The acquisition was made by the Nordstrom Family and El Puerto de Liverpool, S.A.B.
- Stockholders who purchased JWN shares prior to December 22, 2024, are encouraged to contact the firm.
- The investigation may lead to a securities class action lawsuit.
- The outcome could have significant implications for the retail industry and investor confidence.
