Faruqi & Faruqi, LLP Announces Investigation of O’Charley’s Inc.
February 10 2012 - 8:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of O’Charley’s Inc. (“O’Charley’s” or the “Company”)
(NASDAQ: CHUX) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
Fidelity National Financial, Inc. (NYSE: FNF), who already owns
9.5% of the Company, in an all-cash deal valued at about $281.95
million. Under the terms of the proposed transaction, O’Charley’s
shareholders will receive $9.85 in cash for each share of
O’Charley’s common stock they own. The proposed transaction is
structured as a tender offer and may be effectuated without a
shareholder vote.
Request more information now by clicking here:
www.faruqilaw.com/CHUX
Whether O’Charley’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues
O’Charley’s shares and by how much this proposed transaction
undervalues the Company to the detriment of O’Charley’s
shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in O’Charley’s and wish to obtain
additional information, please visit us at www.faruqilaw.com/CHUX
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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