Newman Ferrara LLP Announces Investigation of Netspend Holdings, Inc.

Newman Ferrara LLP Announces Investigation of Netspend Holdings, Inc.

NEW YORK--(BUSINESS WIRE)-- Newman Ferrara LLP is investigating potential claims against the board of directors of Netspend Holdings, Inc. ("Netspend") (NAS: NTSP) concerning the proposed acquisition of Netspend by Total System Services Inc. ("TSYS") (NYS: TSS) .

On February 19, 2013, Netspend announced that it had entered into an agreement and plan of merger to be acquired by TSYS in a cash deal valued at approximately $1.4 billion. Under the terms of the agreement, Netspend's shareholders will only receive $16.00 in cash per share of Netspend stock owned.

Netspend's Board of Directors has unanimously approved the proposed deal. Upon closing of the proposed deal, Netspend executive team will be retained by TSYS, including Netspend's Chief Executive Officer, Daniel Henry, and President, Charles Harris.

Newman Ferrara LLP's investigation concerns whether Netspend's Board of Directors has breached its fiduciary duties to act in the best interests of Netspend's shareholders and to take all necessary steps to ensure that Netspend's shareholders receive the maximum value readily available for their shares of Netspend common stock.

Concerned investors may contact Newman Ferrara attorney Roy Shimon at (212) 619-5400 or to discuss this investigation, their rights, or potential remedies.

Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at

Newman Ferrara LLP
Roy Shimon, 212-619-5400

KEYWORDS:   United States  North America  New York


The article Newman Ferrara LLP Announces Investigation of Netspend Holdings, Inc. originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.