Business

Demanding jeans justice

True Religion, the maker of designer jeans worn by Megan Fox and Angelina Jolie, was sued by an investor who contends the shares are undervalued in an $835 million buyout by TowerBrook Capital.

True Religion said the bid by the New York-based buyout firm represented a 52 percent premium over the share price on Oct. 9, just before the company said it was exploring “strategic alternatives.”