Levi & Korsinsky notifies investors of Nicholas Financial, Inc. (“Nicholas Financial”) (Nasdaq: NICK) of possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Prospect Capital Corporation (Nasdaq: PSEC).
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Under the terms of the transaction, Nicholas Financial shareholders will receive $16.00 for each share of Nicholas Financial stock they own. The investigation concerns whether the Nicholas Financial Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Prospect Capital Corporation is underpaying for Nicholas Financial shares. Shares of Nicholas Financial have traded above the consideration price as recently as November 29, 2013.
If you own Nicholas Financial common stock 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 visit
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