Bull & Lifshitz, LLP Announces Investigation Of O'Charley's Inc.

NEW YORK, Feb. 10, 2012 /PRNewswire/ --  Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of O'Charley's Inc. (NASDAQ: CHUX) (referred to as "O'Charley's" or the "Company") to Fidelity National Financial, Inc.  ("FNF") in a cash transaction.

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Under the terms of the merger agreement, FNF intends to commence a tender offer for all of the outstanding shares of common stock of O'Charley's that it does not currently own on or about February 24, 2012 for $9.85 per share in cash.  The initial tender is expected to expire on April 2, 2012, and to close shortly thereafter, assuming that shares that, combined with FNF's existing 9.5% ownership stake, represent more than a majority of the outstanding shares of O'Charley's are properly tendered and not withdrawn.  Closing of the tender is also contingent on customary closing conditions, including the expiration of the HSR waiting period.  The back-end, cash-out merger under Tennessee law is expected to take place no earlier than May 2, 2012, and is also subject to customary closing conditions, including the successful completion of the tender offer.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.

If you are a holder of O'Charley's common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.  

If you are a shareholder of O'Charley's and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] or by sending an e-mail including your contact information to: [e-mail].  All e-mail correspondence should make reference to O'Charley's.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions.  For more information about the firm, please visit our website at www.nyclasslaw.com.