NEW YORK, Oct. 31, 2008 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Epicor Software Corporation ("Epicor" or the "Company") (Nasdaq:EPIC) arising out of their failure to properly consider and their rejection of an offer from Elliott Associates LP ("Elliott Associates") to purchase the Company for $9.50 per share. The Epicor board breached their fiduciary duties because the offer provides shareholders with a 39% premium to the closing price of Epicor shares on the day prior to Elliott Associates' tender offer and because the Epicor board has taken steps to block any unsolicited takeovers, including the offer from Elliott Associates.
If you own common stock in Epicor and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/epic.html
L&K has experience in prosecuting investor securities litigation and an extensive practice in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.