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, NY -- (Marketwired) -- 10/09/13 -- 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 firstname.lastname@example.org or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
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.
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
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