Investor Alert: Zulily Inc -Investigating Potential Shareholder Claims

NEW YORK, NEW YORK., August 18, 2015 — Melwani & Chan, LLP, a boutique law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of  Zulily (NASDAQ: ZU) relating to the sale of the Company to Liberty Interactive Corporation (“Liberty”) (NASDAQ:QVAC). On August 17, 2015, the companies announced the signing of a definitive merger agreement pursuant to which Liberty will acquire Zulily in a merger via a tender offer in a deal worth roughly $18.75/share.

Our investigation so far has revealed that the consideration  Zulily shareholders are expected to receive is inadequate. Though a 50% premium to August 14th, closing price, the apparent “large” premium is really not generous as the stock was trading near post-IPO lows. The company went public in November 2013 at $22.00 per share, and prior to today, it’s average closing price as a public company was $21.38, 14% greater than the cash and stock offer.

Melwani & Chan is also investigating whether Zulily directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value.

If you own shares of Zulily and want to receive additional information and protect your investments free of charge, please visit us at http://melwanichan.com/news-events/press/ or info@melwanichan.com, or call us at 1-646-580-8860 to speak to an attorney or just click below.

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Melwani & Chan is a boutique law firm representing shareholders and consumers nationwide who are victims of securities fraud, breaches of fiduciary duty, corporate misconduct, and false advertising. Our founding partners use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors and consumers. This notice may constitute Attorney Advertising.

SOURCE Melwani & Chan, LLP

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