logo
  Join        Login             Stock Quote

The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Online Resources Corp. in Connection With the Sale of the Company to ACI Worldwide, Inc. -- ORCC

Thursday, February 7, 2013 11:17 AM


NEW YORK, Feb. 7, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Online Resources Corp. ("Online Resources" or the "Company") (Nasdaq:ORCC) 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. A complaint was filed in Delaware state court.

Click here to learn how to join the action: http://zlk.9nl.com/online-resources-orcc/, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, Online Resources shareholders will receive $3.85 for each share of Online Resources stock they own. The claims concern whether the Online Resources Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether ACI Worldwide, Inc. is underpaying for Online Resources shares, thus unlawfully harming Online Resources stockholders. In particular, Online Resources stock has a reported book value of $4.04 per share for the most recent quarter.

If you own common stock in Online Resources and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/online-resources-orcc/.

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. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. 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: (866) 367-6510
         www.zlk.com

(Source: PrimeZone )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.