August 25, 2017
West Marine Inc. investors on Thursday asked a Delaware federal judge to delay a shareholder vote on the water recreation retailer's $338 million sale to a private equity firm, saying the company's failure to disclose material information about the deal prevents them from making an informed decision.
July 27, 2017
A recent U.S. Securities and Exchange Commission filing by West Marine Inc. concerning private equity firm Monomoy Capital Partners LP's $338 million deal to take the water recreation retailer private violated federal securities laws by containing misleading information, a proposed class action lawsuit filed Thursday in Delaware federal court alleged.