The Law Firm of Weiss & Lurie Announces a Class Action Lawsuit Against the Board of 99 Cents Only Stores and Certain Others

Weiss & Lurie, a national class action and shareholder rights law firm with offices in Los Angeles and New York City, commenced a class action in Superior Court of the State of California for the County of Los Angeles on behalf of the shareholders of 99 Cents Only Stores (NYSE:NDN) ("NDN” or the "Company”) in connection with the proposed acquisition by affiliates of Ares Management LLC and Canada Pension Plan Investment Board for merely $22.00 per share.

The class action alleges, among other things, that the proposed acquisition provides unfair and inadequate consideration to public NDN shareholders and that, in pursuing the deal, the Company’s directors breached their fiduciary duties to NDN shareholders. Indeed, at least one analyst set a high price target of $24.50 per share.

Whereas, upon closing of the transaction, NDN shareholders will be precluded from sharing in any favorable long-term prospects of the Company, the deal safeguards the continued roles and interests of the Gold-Schiffer family. Specifically, it is expected that Eric Schiffer (CEO), Jeff Gold (President and COO), and Howard Gold (EVP) will continue in their current leadership roles and serve as directors, and founder David Gold will serve as Chairman Emeritus. Members of the Gold-Schiffer family, which own about 33% of the stock and have agreed to vote in support of the transaction, will continue to hold a significant minority ownership stake.

If you own NDN shares and would like more information about our lawsuit, please contact Jordan Lurie or Leigh Parker by email at infoca@weisslurie.com or by telephone at (800) 437-7918 or (310) 208-2800.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing, consumer fraud, or anti-trust violations, please email us at infoca@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.Attorney Advertising. Past results do not guarantee a similar outcome.