BALA CYNWYD, Pa., Feb. 7, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of O'Charley's,
Inc. ("O'Charley's" or the "Company") (Nasdaq – CHUX) relating to
the proposed acquisition by Fidelity National Financial, Inc.
("Fidelity").
Under the terms of the transaction, O'Charley's shareholders
would receive $9.85 in cash for each
share of O'Charley's stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of O'Charley's for not acting in the
Company's shareholders' best interests in connection with the sale
process to Fidelity. The transaction may undervalue O'Charley's as
a result of failing to adequately shop the Company. Fidelity
currently owns approximately 9.5% of the outstanding shares of
O'Charley's common stock.
If you own shares of O'Charley's 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/382-chux-ocharleys-inc.html, or by calling
toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC