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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Online Resources Corp. in Connection with the Sale of the Company to ACI Worldwide, Inc.
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NEW YORK, Feb. 4, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the
Board of Directors of Online Resources Corp. ("Online Resources" or the
"Company") (NasdaqGS: ORCC) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company to ACI
Worldwide, Inc. (NasdaqGS: ACIW).
(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )
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 investigation
concerns 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 Levi & Korsinsky, LLP
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