Online Resources Corporation : Online Resources Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to ACI Worldwide
02/01/2013| 10:15am US/Eastern
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Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of Online Resources Corp.
("ORCC") (NasdaqGS: ORCC) to ACI Worldwide for shareholders. Under the
terms of the proposed deal valued at approximately $133 million, ORCC
shareholders will only receive $3.85 in cash for each share of ORCC
stock owned.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via
e-mail at zach@powerstaylor.com.
There is no cost or fee to you.
The ORCC sale investigation centers on whether ORCC's shareholders are
receiving adequate compensation for their shares in the buyout, whether
the transaction undervalues ORCC's stock, and whether ORCC's board
attempted to obtain the highest share price for all shareholders prior
to agreeing to the deal. According to shareholder rights attorney Willie
Briscoe, "due to the proposed sale price, the recent performance of ORCC
and other factors, we believe this transaction may undervalue ORCC's
stock. Our proposed lawsuit will seek to obtain the highest share price
for all shareholders."
The
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Powers
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers
Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com
© Business Wire 2013
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