Law Office of Brodsky & Smith, LLC Announces Investigation of Online Resources Corporation

Fri Feb 1, 2013 10:00pm EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link

BALA CYNWYD, Pa.,  Feb. 1, 2013  /PRNewswire/ -- Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of Online Resources Corporation ("Online Resources" or the "Company")
(Nasdaq: ORCC) relating to the proposed acquisition by ACI Worldwide, Inc

Under the terms of the transaction, Online Resources shareholders will receive
only  $3.85  in cash for each share of Online Resources stock they own. The
investigation concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Online Resources for not acting in the
Company's shareholders' best interests in connection with the sale process to
ACI. The transaction may undervalue the Company and will result in a loss for
many long term Online Resources shareholders. For example Online Resources stock
traded at  $7.01  on  February 11, 2011  and had a reported book value for the
most recent quarter of  $4.04  per share.  

If you own shares of Online Resources stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you may e-mail
or call the law office of Brodsky & Smith, LLC who will, without obligation or
cost to you, attempt to answer your questions.  You may contact  Jason L.
Brodsky, Esquire  or  Evan J. Smith, Esquire  at Brodsky & Smith, LLC, Two Bala
Plaza, Suite 602,  Bala Cynwyd, PA  19004, by e-mail at  visiting, by calling
toll free 877-LEGAL-90.

SOURCE  Brodsky & Smith, LLC

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.