Online Resources Corporation : WeissLaw LLP Investigates Online Resources Corp. Acquisition
01/31/2013| 11:30am US/Eastern
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WeissLaw LLP, a national class action and shareholder rights law firm
with offices in New York City and Los Angeles, is investigating possible
breaches of fiduciary duty and other violations of law by the Board of
Directors of Online Resources Corp. ("Online Resources" or the
"Company") (NASDAQ: ORCC) arising from its agreement for Online
Resources to be acquired by ACI Worldwide Inc. ("ACI Worldwide") in an
all-cash transaction valued at approximately $263 million, which
includes the redemption of Online Resources preferred stock. Under the
terms of the proposed transaction ACI Worldwide will buy all outstanding
Online Resources' stock for $3.85 per share.
WeissLaw LLP is investigating whether Online Resources' Board acted in
the best interests of its public shareholders by actively shopping the
Company to maximize shareholder value for Online Resources' public
shareholders, prior to entering into the proposed transaction with ACI
Worldwide. If you own Online Resources shares and would like more
information about your rights as a shareholder or additional information
concerning our investigation, please contact Kelly C. Keenan either by
telephone at (888) 593-4771 or by email at info@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties. We have
recovered over a billion dollars for defrauded institutions and
individuals and obtained important corporate governance in these cases.
If you have information or would like legal advice concerning possible
corporate wrongdoing (including insider trading, waste of corporate
assets, accounting fraud, or issuing materially misleading information),
consumer fraud (including false advertising, defective products, or
other deceptive business practices), or anti-trust violations, please
email us at info@weisslawllp.com
or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar outcome.
WeissLaw LLP
Kelly C. Keenan
1500 Broadway, 16th
Floor
New York, NY 10036
T: 212-682-3025
F: 212-682-3010
www.weisslawllp.com
info@weisslawllp.com
© Business Wire 2013
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