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Classified in: Business
Subject: ATY

Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Xoom Corporation Concerning its Proposed Sale to PayPal, Inc.



NEW YORK, July 1, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against the Board of Directors of Xoom Corporation. ("Xoom" or the "Company") (NasdaqGS:XOOM) related to the proposed acquisition of the Company by PayPal, Inc.  The transaction is valued at around $890 Million or $25.00 per share. 

This investigation concerns whether the Board of Directors of Xoom breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction

If you own Xoom common stock and wish to obtain additional information, please contact either Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC


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News published on 1 july 2015 at 18:50 and distributed by: