BALA CYNWYD, Pa. -- (Business Wire)
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Borderfree, Inc.
("Borderfree” or "the Company") (Nasdaq: BRDR) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to Pitney Bowes, Inc. (“Pitney Bowes”).
Click here to learn more about the investigation http://brodsky-smith.com/932-brdr-borderfree-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Borderfree shareholders will receive
only $14.00 in cash for each share of Borderfree stock they own. The
investigation concerns whether the Board of Borderfree breached their
fiduciary duties to shareholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Pitney Bowes is underpaying for Borderfree.
Further, the investigation seeks to determine if Borderfree shareholders
are entitled to additional compensation given that the Company provides
e-commerce solutions to large-scale retailers in the U.S. and U.K.
combined with the importance of e-commerce in maximizing the global
presence of businesses. In addition, the transaction would result in a
loss or no real gain for many shareholders. For example Borderfree stock
traded at $17.50 per share as recently as June 23, 2014.
If you own shares of Borderfree stock and wish to discuss the legal
ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by
visiting http://brodsky-smith.com/932-brdr-borderfree-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and class
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and have successfully recovered millions of dollars for our
clients and shareholders. Attorney advertising. Prior results do not
guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150522005106/en/
Contacts:
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J.
Smith, Esquire
877-LEGAL-90
http://brodsky-smith.com/932-brdr-borderfree-inc.html
Source: Brodsky & Smith, LLC
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