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

Sat Mar 23, 2013 12:30pm EDT

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

BALA CYNWYD, Pa.--(Business Wire)--
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) 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
visiting, by
calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire

Copyright Business Wire 2013