SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Asset Accep
15 Mars 2013 - 2:33PM
Levi & Korsinsky notifies investors of Asset Acceptance Capital
Corp. ("Asset Acceptance" or the "Company") (Nasdaq:AACC) of claims
of breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Encore Capital Group
Inc. (Nasdaq:ECPG). A complaint was filed in Michigan state court.
Click here to learn how to join the action:
http://zlk.9nl.com/asset-acceptance-capital-aacc/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Asset Acceptance
shareholders will receive $6.50 per share of Asset Acceptance stock
they own; shareholders may elect to receive the consideration in
cash, Encore stock, or a combination. The transaction has a total
approximate value of $200 million. The claims concern whether the
Asset Acceptance Board of Directors breached their fiduciary duties
to stockholders by failing to adequately shop the Company before
entering into this transaction and whether Encore Capital Group
Inc. is underpaying for Asset Acceptance shares, thus unlawfully
harming Asset Acceptance stockholders. In particular, at least one
analyst set a price target for Asset Acceptance stock at $8.00 per
share.
If you own common stock in Asset Acceptance 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
http://zlk.9nl.com/asset-acceptance-capital-aacc/.
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. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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