Law Firm Brower Piven Announces Investigation of Hot Topic, Inc. Going Private Transaction

STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Hot Topic, Inc. (“Hot Topic” or the “Company”) (Nasdaq: HOTT) and other violations of state law by the board of directors of Hot Topic relating to the proposed acquisition of the Company by private equity firm Sycamore Partners. The firm’s investigation seeks to determine, among other things, whether Hot Topic’s board of directors breached their fiduciary duties by failing to maximize shareholder value.