BALA CYNWYD, Pa., Dec. 18, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Nicholas Financial, Inc. ("Nicholas Financial" or the "Company") (Nasdaq –NICK) relating to the proposed acquisition by of the company by Prospect Capital Corporation. Click here to learn more about the investigation http://brodsky-smith.com/691-nick-nicholas-financial-inc.html, or call: 877-534-2590. There is no cost or obligation to you. Under the terms of the transaction, Nicholas Financial shareholders will receive only $16.00 in cash for each share of Nicholas Financial stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Nicholas Financial for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company and will result in a loss or no real gain for many Nicholas Financial shareholders. Nicholas Financial stock traded above the sale price at $17.20 per share on October 25, 2013 and traded at $16.04 per share as recently as November 27, 2013. If you own shares of Nicholas Financial common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com, by visiting http://brodsky-smith.com/691-nick-nicholas-financial-inc.html, or calling toll free 877-LEGAL-90. Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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.