NEW YORK, NY--(Marketwire -02/15/12)- Levi & Korsinsky notifies investors of O'Charley's Inc. ("O'Charley's " or the "Company") (NASDAQ: CHUX - News) of claims of breaches of fiduciary duty and other violations of state law against the Board of Directors of the Company in connection with the sale of the Company to Fidelity National Financial, Inc. ("Fidelity Financial"). Under the terms of the transaction, O'Charley's shareholders will receive $9.85 in cash for each share of O'Charley's stock they own. Fidelity National currently owns approximately 9.5% of the outstanding shares of O'Charley's common stock. A complaint was filed in Tennessee state court.
Click here to learn how to join the action: http://www.zlk.com/ocharleys-chux, or call: 877-363-5972. There is no cost or obligation to you.
The claims concern whether the O'Charley's Board of Directors breached their fiduciary duties to O'Charley's stockholders by failing to adequately shop the Company before entering into this transaction and whether Fidelity Financial is underpaying for O'Charley's shares, thus unlawfully harming O'Charley's stockholders.
If you own common stock in O'Charley's and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171