NEW YORK--(BUSINESS WIRE)--

Levi & Korsinsky, LLP has filed a class action lawsuit in the United States District Court for the Northern District of California on behalf of current stockholders of West Marine, Inc. (“West Marine” or the “Company”) (NASDAQ:WMAR) in connection with the planned acquisition of the company by affiliates of Monomoy Capital Partners.

On June 29, 2017, West Marine announced it had entered into an agreement, pursuant to which Monomoy’s affiliates, Rising Tide Parent, Inc. and Rising Tide Merger Sub, Inc., would acquire all outstanding shares of West Marine common stock for $12.97 per share. The lawsuit, which was filed on July 31, 2017 and entitled Greenberg v. West Marine, Inc., et al. (Case No. 5:17-cv-04345), alleges that defendants solicit stockholders’ votes in support of the sale of the Company through a Proxy Statement that omits material facts necessary to make the statements therein not false or misleading. Stockholders require this material information to make a properly informed decision on how to vote their shares.

If you wish to serve as lead plaintiff, you must move the Court no later than October 17, 2017. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Joseph E. Levi, at Levi & Korsinsky, LLP, (212) 363-7500, or via e-mail at [email protected]. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member.

A CLASS HAS NOT BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

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