Lifshitz Law Firm Announces Investigation of Asset Acceptance Capital Corp., Newport Bancorp, Inc., Hot Topic, Inc., and Auto...

NEW YORK, March 12, 2013 /PRNewswire/ --

Asset Acceptance Capital Corp.

Lifshitz Law Firm announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Asset Acceptance Capital Corp. (NASDAQGS: AACC) ("Asset Acceptance") to Encore Capital Group, Inc. ("Encore") in a cash and stock transaction.  Under the terms of the agreement, Encore will acquire Asset Acceptance for $6.50 per share, which represents a total equity value of approximately $200 million.  Asset Acceptance shareholders will have the option to receive their consideration in cash or Encore stock or any combination of cash and Encore stock, at their election, with the aggregate stock consideration across all stockholders capped at 25 percent of the total equity consideration to be received.

For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] Ext. 18 or by sending an e-mail including your contact information to: [e-mail].

Newport Bancorp, Inc.

Lifshitz Law Firm announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Newport Bancorp, Inc. (NASDAQGM: NFSB) ("Newport Bancorp") to SI Financial Group, Inc. ("SI Financial") in a cash and stock transaction.  Under the terms of the merger agreement, stockholders of Newport Bancorp will have the right to elect to receive either $17.55 in cash or 1.5129 shares of SI Financial common stock in exchange for each share of Newport Bancorp held by them, subject to proration procedures so that 50 percent of the outstanding Newport Bancorp common shares is converted into SI Financial common stock and the balance is converted into the cash consideration.

For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] Ext. 18 or by sending an e-mail including your contact information to: [e-mail].

Hot Topic, Inc.

Lifshitz Law Firm announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Hot Topic, Inc. (NASDAQGS: HOTT) ("Hot Topic") to Sycamore Partners in a cash transaction.  Under the terms of the merger agreement, Sycamore Partners will acquire Hot Topic for $14.00 per share in cash, or a total of approximately $600 million.

For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] Ext. 18 or by sending an e-mail including your contact information to: [e-mail].

AutoInfo, Inc.

Lifshitz Law Firm announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of AutoInfo, Inc. (OTCBB: AUTO) ("AutoInfo") to a subsidiary of an investment fund managed by Comvest Partners for $1.05 per share in cash.

For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] Ext. 18 or by sending an e-mail including your contact information to: [e-mail].

Lifshitz Law Firm is a New York based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions.  For more information about the firm, please visit our website at www.jlclasslaw.com.

ATTORNEY ADVERTISING. © 2013 Lifshitz Law Firm.  The law firm responsible for this advertisement is Lifshitz Law Firm, 18 East 41^st Street, New York, New York 10017, [phone].  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Joshua M. Lifshitz, Esq.
Lifshitz Law Firm
Phone:   [phone]
Email: [e-mail]

SOURCE Lifshitz Law Firm

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