Xoom Corporation Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Paypal, Inc.
July 13, 2015
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.
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.