NEW YORK, Feb. 10, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of O'Charley's
Inc. ("O'Charley's " or the "Company") (Nasdaq: CHUX) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Fidelity National
Financial, Inc. ("Fidelity Financial"). Under the terms of
the transaction, O'Charley's shareholders will receive $9.85 in cash for each share of O'Charley's stock
they own. Fidelity National currently owns approximately 9.5%
of the outstanding shares of O'Charley's common stock.
Click here to learn how to join the action:
http://www.zlk.com/ocharleys-chux, or call: 877-363-5972. There is
no cost or obligation to you.
The investigation concerns whether the O'Charley's Board of
Directors breached their fiduciary duties to O'Charley's
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Fidelity Financial is
underpaying for O'Charley's shares, thus unlawfully harming
O'Charley's stockholders.
If you own common stock in O'Charley's 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://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. 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 - 15th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP