Ryan & Maniskas, LLP Announces Investigation of Official Payments Holdings, Inc.
WAYNE, Pa., Sept. 24, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Official Payments Holdings, Inc. ("Official Payments" or the "Company") (NASDAQ: OPAY) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to ACI Worldwide, Inc. in a transaction valued at approximately $109 million.
Under the terms of the agreement, shareholders of Official Payments will receive $8.35 per share in cash for each share of Official Payments they own.
If you own shares of Official Payments and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/opay. You may also email Mr. Maniskas at firstname.lastname@example.org.
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by Official Payments' Board of Directors for not acting in the Company's shareholders' best interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.rmclasslaw.com.
SOURCE Ryan & Maniskas, LLP