Rigrodsky & Long, P.A. Investigates Epicor Software Corporation Buyout - EPIC

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Epicor Software Corporation (“Epicor” or the “Company”) (Nasdaq: EPIC) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by Apax Partners (“Apax”) in a transaction valued at approximately $976 million.

Under the proposed agreement, Apax will commence a tender offer to acquire all of the outstanding common stock of Epicor for $12.50 per share in cash, followed by a merger to acquire all remaining outstanding Epicor shares at the same price paid in the tender offer.

The investigation concerns whether Epicor’s board of directors failed to adequately shop the Company and obtain the best price possible for Epicor’s shareholders before entering into the agreement with Apax.  Indeed, shareholders representing approximately 19% of Epicor’s outstanding shares have entered into support agreements with Apax in connection with the transaction.  In addition, Elliott Associates, which beneficially owns approximately 13.5% of Epicor’s outstanding shares, has also indicated that it supports the transaction.  Moreover, according to Yahoo! Finance, at least one analyst has set a target price of $14.00 per share for Epicor stock.

If you own the common stock of Epicor and purchased your shares before April 4, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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