The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Epic...
April 04 2011 - 3:31PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Epicor Software Corporation (“Epicor Software” or the “Company”)
(Nasdaq: EPIC) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Apax Partners Holdings Ltd. Under the terms of the transaction,
Epicor Software shareholders will receive $12.50 per share in cash
for each share of Epicor Software they own for a total transaction
value of $790 million.
Click here to learn how to join the action:
http://www.zlk.com/epicor-software-epic.html, or call:
877-363-5972.
The investigation concerns whether the Epicor Software Board of
Directors breached their fiduciary duties to Epicor Software
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Apax Partners Holdings
Ltd. is underpaying for Epicor Software shares, thus unlawfully
harming Epicor Software stockholders. In particular, the median
price target set by six analysts for Epicor Software stock is $13
per share and at least one analyst set a price target of $14 per
share.
If you own common stock in Epicor Software 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://www.zlk.com/epicor-software-epic.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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