Law Office of Brodsky & Smith, LLC Announces Investigation of
Online Resources Corporation
BALA CYNWYD, Pa., Feb. 1, 2013 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Online Resources
Corporation ("Online Resources" or the "Company") (Nasdaq: ORCC)
relating to the proposed acquisition by ACI Worldwide, Inc
("ACI").
Under the terms of the transaction, Online Resources
shareholders will receive only $3.85
in cash for each share of Online Resources stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Online
Resources for not acting in the Company's shareholders' best
interests in connection with the sale process to ACI. The
transaction may undervalue the Company and will result in a loss
for many long term Online Resources shareholders. For example
Online Resources stock traded at $7.01 on February 11,
2011 and had a reported book value for the most recent
quarter of $4.04 per share.
If you own shares of Online Resources 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/537-orcc-online-resources-corporation.html,
by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC
