NEW YORK -- (Business Wire)
Levi & Korsinsky notifies investors of Asset Acceptance Capital Corp.
(“Asset Acceptance” or the “Company”) (NasdaqGS: AACC) of claims of
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Encore Capital Group Inc.
Click here to learn how to join the action: http://zlk.9nl.com/asset-acceptance-capital-aacc/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Asset Acceptance shareholders will
receive $6.50 per share of Asset Acceptance stock they own; shareholders
may elect to receive the consideration in cash, Encore stock, or a
combination. The transaction has a total approximate value of $200
million. The investigation concerns whether the Asset Acceptance Board
of Directors breached their fiduciary duties to stockholders by failing
to adequately shop the Company before entering into this transaction and
whether Encore Capital Group Inc. is underpaying for Asset Acceptance
shares, thus unlawfully harming Asset Acceptance stockholders. In
particular, at least one analyst set a price target for Asset Acceptance
stock at $8.00 per share.
If you own common stock in Asset Acceptance and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via
email at email@example.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/asset-acceptance-capital-aacc/.
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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Toll Free: 877-363-5972
Source: Levi & Korsinsky, LLP
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