SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of
Breaches of Fiduciary Duty by Board of Official Payments Holdings, Inc. in
Connection With Sale of Company to ACI Worldwide, Inc.
NEW YORK, Oct. 3, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors
of Official Payments Holdings, Inc. ("Official Payments" or the "Company")
(Nasdaq:OPAY) of claims of breaches of fiduciary duty and other violations of
state law against the board of directors of the Company in connection with the
sale of the Company to ACI Worldwide, Inc (Nasdaq:ACIW). A complaint was filed
in Delaware state court.
Click here to learn more about the case
http://zlk.9nl.com/official-payments-holdings-opay/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Official Payments shareholders will
receive $8.35 for each share of Official Payments stock they own. The
transaction has an approximate total value of $109 million. The claims concern
whether the Official Payments Board of Directors breached their fiduciary
duties to stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether ACI Worldwide, Inc. is
underpaying for Official Payments shares. In particular, at least one analyst
set a price target of $10.00 per share of Official Payments.
If you own Official Payments common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
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. For more information, please
feel free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
Press spacebar to pause and continue. Press esc to stop.