SAN DIEGO, May 8, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of Kate Spade & Company (NYSE: KATE ) breached their fiduciary duties in connection with the proposed sale of the Company to Coach, Inc. (NYSE: COH ). Kate Spade designs and markets apparel and accessories. On May 8, 2017, Kate Spade announced it had signed a definitive merger agreement with Coach. Under the terms of the agreement, Coach will acquire all of the outstanding shares of Kate Spade common stock for $18.50 per share in cash. The investigation concerns whether the Kate Spade board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Kate Spade shares of common stock.