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Hypercom Corporation Investor Files Lawsuit Against Directors To Block Buyout

  • If you are a current investor in Hypercom Corporation (NYSE:HYC) and purchased your HYC shares prior to the takeover announcement, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

An investor in Hypercom Corporation (HYC) filed a lawsuit in State Court alleging breaches of fiduciary duties by directors of Hypercom Corp arising out of their attempt to sell Hypercom Corp. too cheaply to VeriFone Systems, Inc. According to the complaint the defendants breached their fiduciary duties owed to Hypercom Corporation (NYSE:HYC) investors in connection with the proposed...



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