NEW YORK, NY / ACCESSWIRE / October 26, 2018 / WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of JetPay Corporation (''JTPY'' or the ''Company'') (JTPY) in connection with the proposed acquisition of the Company by NCR Corporation. Under the terms of the acquisition agreement, shareholders will receive $5.05 in cash for each JTPY share they own.
If you own JTPY shares and wish to discussthis investigation or have any questions concerning this notice or your rightsor interests, please contact:
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WeissLaw is investigating whether JTPY's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the Company announced positive financial results for the second quarter of 2018. It reported revenue of $15.2 million, reflecting an increase of $1.7 million, or 12.6%, year-over-year, when compared to the $13.5 million reported in the same period of the previous year.
Given these facts, WeissLaw is concentrating its investigation on whether JTPY's Board conducted a fair process in agreeing to the proposed acquisition, and whether the proposed acquisition undervalues the Company.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com
SOURCE: WeissLaw LLP