SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Borderfree, Inc. - BRDR
BALA CYNWYD, Pa., May 6, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Borderfree, Inc. ("Borderfree" or "the Company") (Nasdaq -BRDR-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Pitney Bowes, Inc. ("Pitney Bowes").
Click here to learn more about the investigation http://brodsky-smith.com/932-brdr-borderfree-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Borderfree shareholders will receive only $14.00 in cash for each share of Borderfree stock they own. The investigation concerns whether the Board of Borderfree breached their fiduciary duties to shareholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Pitney Bowes is underpaying for Borderfree.
Further, the investigation seeks to determine if Borderfree shareholders are entitled to additional compensation given that the Company provides e-commerce solutions to large-scale retailers in the U.S. and U.K combined with the importance of e-commerce in maximizing the global presence of businesses. In addition, the transaction would result in a loss or no real gain for many shareholders. For example Borderfree stock traded at $17.50 per share as recently as June 23, 2014.
If you own shares of Borderfree stock and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/932-brdr-borderfree-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 class 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 have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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