Harwood Feffer LLP Announces Investigation of Blue Nile, Inc.

NEW YORK, Nov. 8, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Blue Nile, Inc. ("Blue Nile" or the "Company") (NASDAQ: NILE) concerning the proposed sale of the Company to investor group comprised of funds managed by Bain Capital Private Equity and Bow Street LLC in a transaction valued at $500 million.

Under the terms of the agreement, Blue Nile stockholders will receive $40.75 per share in cash per share. Our investigation concerns whether the Blue Nile board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Blue Nile shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Daniella Quitt
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: dquitt@hfesq.com
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP