Law Office of Brodsky & Smith, LLC Announces Investigation of Asset Acceptance Capital Corporation

Wed Mar 6, 2013 9:30pm EST

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BALA CYNWYD, Pa.,  March 6, 2013  /PRNewswire/ -- Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of Asset Acceptance Capital Corporation ("Asset Acceptance" or the
"Company") (Nasdaq- AACC-News) relating to the proposed acquisition by Encore
Capital Group, Inc. ("Encore").  

Under the terms of the transaction, Asset Acceptance shareholders will receive
only  $6.50  in cash for each share of Asset Acceptance stock they own. The
investigation concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Asset Acceptance for not acting in the
Company's shareholders' best interests in connection with the sale process to
Encore. The transaction may undervalue the Company and will result in a loss for
many long term shareholders. For example Asset Acceptance stock traded at  $7.97
 as recently as  October 15, 2012  and  $7.90  on  July 5, 2012. In addition, an
analyst has set an  $8.00  per share price target for Asset Acceptance stock.

If you own shares of Asset Acceptance 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 
investorrelations@brodsky-smith.com  visiting 
http://brodsky-smith.com/550-aacc-asset-acceptance-capital-corporation.html, by
calling toll free 877-LEGAL-90.

SOURCE  Law Office of Brodsky & Smith, LLC

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