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BIDZ.com Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate BIDZ.com, Inc.'s Going Private Merger Agreement with Glendon Group, Inc.

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DALLAS--(BUSINESS WIRE)--

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of BIDZ.com, Inc. (“BIDZ”) (NASDAQ: BIDZ) to Glendon Group, Inc. for shareholders. Under the proposed transaction, BIDZ shareholders will only receive $.78 in cash for each share of BIDZ stock owned, which is well below at least one analyst's estimated value of $1.25 per share.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

According to shareholder rights attorney Willie Briscoe, “The investigation relates to the fairness of the proposed transaction to BIDZ shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders. Notably, BIDZ shares were trading at $1.79 per share on February 14, 2011, and at least one analyst at Yahoo! Financial has estimated that the true inherent value of the shares is $1.25 per share. Due to these and other factors, we believe that the transaction may undervalue BIDZ stock, so we will seek to obtain the highest share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Powers Taylor, LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com

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