SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of NetSpend Holdings, Inc. In Connection With Sale Of Company To Total System Services, Inc.
NEW YORK, Feb. 20, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of NetSpend Holdings, Inc. ("NetSpend" or the "Company") (NasdaqGS: NTSP) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Total System Services, Inc. (NYSE: TSS). (Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO) Click here to learn how to join the action: http://zlk.9nl.com/netspend-holdings-ntsp/, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, NetSpend shareholders will receive $16.00 per share of NetSpend stock they own. The transaction has a total approximate value of $1.4 billion. The investigation concerns whether the NetSpend Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Total System Services, Inc. is underpaying for NetSpend shares, thus unlawfully harming NetSpend stockholders. If you own common stock in NetSpend and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/netspend-holdings-ntsp/. Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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 www.zlk.com SOURCE Levi & Korsinsky, LLP
NetSpend Holdings (Nasdaq:NTSP) hit a new 52-week high Friday as it is currently trading at $15.99, above its previous 52-week high of $15.98 with 422,736 shares traded as of 3:45 p.m. ET. Average volume has been 1.9 million shares over the past 30 days.