Law Office of Brodsky & Smith, LLC Announces Investigation of Asset Acceptance Capital Corporation

Law Office of Brodsky & Smith, LLC Announces Investigation of Asset Acceptance
                             Capital Corporation

PR Newswire

BALA CYNWYD, Pa., March 6, 2013

BALA CYNWYD, Pa., March 6, 2013 /PRNewswire/ --Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of Asset Acceptance Capital Corporation ("Asset Acceptance" or the
"Company") (Nasdaq- AACC-News) relating to the proposed acquisition by Encore
Capital Group, Inc. ("Encore").

Under the terms of the transaction, Asset Acceptance shareholders will receive
only $6.50 in cash for each share of Asset Acceptance stock they own. The
investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of Asset Acceptance for not
acting in the Company's shareholders' best interests in connection with the
sale process to Encore. The transaction may undervalue the Company and will
result in a loss for many long term shareholders. For example Asset Acceptance
stock traded at $7.97 as recently as October 15, 2012 and $7.90 on July 5,
2012. In addition, an analyst has set an $8.00 per share price target for
Asset Acceptance stock.

If you own shares of Asset Acceptance stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC,
Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/550-aacc-asset-acceptance-capital-corporation.html,
by calling toll free 877-LEGAL-90.

SOURCE Law Office of Brodsky & Smith, LLC
 
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