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). Click here to learn more about the action http://zlk.9nl.com/nicholas-financial-nick/, or call: 877-363-5972. There is no cost or obligation to you. 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 email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/nicholas-financial-nick/. Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Nicholas Financial, an auto lender, called off a planned acquisition by Prospect Financial after the Securities and Exchange Commission required Prospect to change the way it accounts for companies it owns on its balance sheet.