WeissLaw LLP Investigates Online Resources Corp. Acquisition
31 Janvier 2013 - 5:29PM
Business Wire
WeissLaw LLP, a national class action and shareholder rights law
firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Online Resources
Corp. (“Online Resources” or the “Company”) (NASDAQ: ORCC) arising
from its agreement for Online Resources to be acquired by ACI
Worldwide Inc. (“ACI Worldwide”) in an all-cash transaction valued
at approximately $263 million, which includes the redemption of
Online Resources preferred stock. Under the terms of the proposed
transaction ACI Worldwide will buy all outstanding Online
Resources’ stock for $3.85 per share.
WeissLaw LLP is investigating whether Online Resources’ Board
acted in the best interests of its public shareholders by actively
shopping the Company to maximize shareholder value for Online
Resources’ public shareholders, prior to entering into the proposed
transaction with ACI Worldwide. If you own Online Resources shares
and would like more information about your rights as a shareholder
or additional information concerning our investigation, please
contact Kelly C. Keenan either by telephone at (888) 593-4771 or by
email at info@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at info@weisslawllp.com or fill out the form on our
website, http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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