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Law Offices Of Howard G. Smith Announces Investigation On Behalf Of Shareholders Of CyberSource Corporation

 

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of CyberSource Corporation (“CyberSource” or the “Company”) (NASDAQ:CYBS) related to the Company’s agreement to be acquired by Visa Inc. (“Visa”) in a proposed all-cash transaction valued at approximately $2 billion.

CyberSource provides electronic-payment and security solutions for online merchants. Under the terms of the definitive agreement entered into by the parties, CyberSource shareholders will receive $26.00 in cash for each share of the Company’s common stock they own. The transaction is expected to be completed in Visa's fourth fiscal quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by the CyberSource board of directors.

If you own shares of CyberSource, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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Copyright Business Wire 2010

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