Official Payments Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to ACI Worldwide
September 24 2013 - 3:46PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating the sale of Official Payments Holdings, Inc.
(“Official Payments”) (NasdaqGM: OPAY) to ACI Worldwide, Inc. for
shareholders. Under the terms of the proposed agreement, Official
Payments shareholders will only receive $8.35 in cash for each
share owned, well below at least one analyst’s estimated value of
$10.00 per share.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, please contact Willie Briscoe
at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at
WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor
LLP, toll free (877) 728-9607 or via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.
The investigation into the Official Payments sale is focused on
whether minority shareholders are receiving adequate compensation
for their shares in the proposed deal, whether the transaction
properly values Official Payments stock, and whether Official
Payments’ board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal. Notably, at least one
analyst from Yahoo! Finance estimates the true inherent value to be
$10.00 per share.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor LLPZach
Groover, 877-728-9607shareholder@powerstaylor.com
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