Levi & Korsky, LLP Announces Investigation into Nordstrom, Inc. Acquisition
New York, NY – April 11, 2025
Levi & Korsky, LLP, a leading securities law firm, is investigating potential securities laws violations in connection with the acquisition of Nordstrom, Inc. (“JWN” or the “Company”) by Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (collectively, the “Nordstrom Family”) and El Puerto de Liverpool, S.A.B. The investigation focuses on whether the Company’s stockholders have received fair value for their shares.
Background of the Acquisition
On December 22, 2024, Nordstrom, Inc. announced that it had entered into a definitive agreement to be acquired by the Nordstrom Family and El Puerto de Liverpool, S.A.B. in a transaction valued at approximately $50 billion. Under the terms of the agreement, JWN stockholders would receive $50.00 in cash for each share of JWN common stock they own.
The Investigation
The investigation by Levi & Korsky, LLP focuses on whether the Nordstrom Family and El Puerto de Liverpool, S.A.B. engaged in any securities law violations or breached their fiduciary duties to JWN stockholders in connection with the acquisition. Specifically, the investigation will examine:
- The adequacy of the process undertaken by the Nordstrom Board of Directors to evaluate the acquisition, including the consideration of alternatives to the acquisition, and the rationale for the deal price.
- The role of the Nordstrom Family in the acquisition process, including potential conflicts of interest and any undisclosed information they may have had.
- The timing and nature of any communications between the Company and potential acquirers prior to the announcement of the acquisition.
Impact on JWN Stockholders
If you are a JWN stockholder and purchased your shares prior to December 22, 2024, you may be entitled to compensation as a result of the investigation. Levi & Korsky, LLP encourages you to contact the firm to discuss your legal rights and options.
Impact on the World
The investigation into the Nordstrom acquisition could have far-reaching implications for the retail industry and corporate governance as a whole. If it is determined that the Nordstrom Family and El Puerto de Liverpool, S.A.B. engaged in any wrongdoing, it could lead to increased scrutiny of similar transactions in the future and potentially result in new regulations to protect shareholders.
Conclusion
Levi & Korsky, LLP’s investigation into the Nordstrom acquisition is ongoing, and the firm encourages JWN stockholders to contact them if they have any information or believe they may be entitled to compensation. The outcome of the investigation could have significant implications for the retail industry and corporate governance as a whole, highlighting the importance of fairness and transparency in corporate transactions.
