Shareholder Alert: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of Officia...
September 24 2013 - 10:20AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Official Payments Holdings, Inc. (“Official Payments” or the
“Company”) (NasdaqGM:OPAY) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to ACI Worldwide, Inc (NasdaqGS:ACIW).
Click here to learn more about the investigation
http://zlk.9nl.com/official-payments-holdings-opay/, or
call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Official Payments
shareholders will receive $8.35 for each share of Official Payments
stock they own. The transaction has an approximate total value of
$109 million. The investigation concerns whether the Official
Payments Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether ACI Worldwide,
Inc. is underpaying for Official Payments shares. In particular, at
least one analyst set a price target of $10.00 per share of
Official Payments.
If you own Official Payments common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/official-payments-holdings-opay/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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