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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, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Asset Acceptance shareholders will receive
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
. 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
If you own common stock in Asset Acceptance and wish to obtain additional information, please contact
Joseph E. Levi, Esq.
either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in
, 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
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