NEW YORK, March 8, 2013 /PRNewswire/ -- 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. (NasdaqGS: ECPG).
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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
jlevi@zlk.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.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP