SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Borderfree, Inc.
May 22 2015 - 9:35PM
Business Wire
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) 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150522005106/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/932-brdr-borderfree-inc.html