The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Onli...
February 01 2013 - 3:25PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Online Resources Corp. (“Online Resources” or the “Company”)
(NasdaqGS: ORCC) 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 how to join the action:
http://zlk.9nl.com/online-resources-orcc/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Online Resources
shareholders will receive $3.85 for each share of Online Resources
stock they own. The investigation concerns whether the Online
Resources Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
entering into this transaction and whether ACI Worldwide, Inc. is
underpaying for Online Resources shares, thus unlawfully harming
Online Resources stockholders. In particular, Online Resources
stock has a reported book value of $4.04 per share for the most
recent quarter.
If you own common stock in Online Resources 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/online-resources-orcc/.
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.
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