SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Filing of Class Action Against inContact, Inc. (SAAS) for the Sale of the Company to NICE Systems Ltd.

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Jul 08, 2016, 05:11 ET

NEW YORK, July 8, 2016 /PRNewswire/ -- Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, and Juan E. Monteverde, from Monteverde & Associates PC, notify that a class action complaint has been commenced in Utah state court challenging the sale of inContact, Inc. ("inContact" or the "Company") (Nasdaq:SAAS) to NICE Systems Ltd. for approximately $877 million.

The Company's stockholders will only receive $14.00 in cash for each share of inContact common stock they own. However, the offer is below at least one analyst's price target of $16 per share for the Company.

Click here for more information about the action: www.faruqilaw.com/SAAS. There is no cost or obligation to you.

The complaint focuses on whether inContact's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of inContact's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw. Faruqi & Faruqi, LLP is working together in this investigation with Juan E. Monteverde from Monteverde & Associates PC.

If you own common stock in inContact and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/SAAS or contact Nadeem Faruqi, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at [email protected] or by telephone at (212) 971-1341.

Contact:
Faruqi & Faruqi, LLP
685 Third Avenue, 26^th Floor
New York, NY 10017
Attn: Juan Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330

Attorney Advertising. (C) 2016 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

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