NEW YORK, July 13, 2015 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Xoom Corporation ("Xoom" or the "Company") (NASDAQ: XOOM) breached its fiduciary duty to its shareholders in agreeing to sell Xoom to Paypal, Inc.
Under the terms of the agreement, Xoom shareholders will receive $25.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Xoom shareholders and the process by which the Xoom Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Xoom stockholder, with no obligation or cost to you, please contact Joseph R. Seidman, Jr. at:
(877) 779-1414 or firstname.lastname@example.org
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. The National Law Journal has recognized Bernstein Liebhard for twelve consecutive years as one of the top plaintiffs' firms in the country.
Bernstein Liebhard LLP 10 East 40th Street New York, New York 10016 (877) 779-1414 www.bernlieb.com
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SOURCE Bernstein Liebhard LLP