Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Lender Processing Services Inc. Over the Proposed Sale of the Company to Fidelity National Financial Inc.

NEW YORK--(BUSINESS WIRE)--Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Lender Processing Services Inc. (“LPS” or the “Company”) (NYSE: LPS) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Fidelity National Financial Inc. (NYSE: FNF) in a cash and stock deal valued at approximately $2.9 billion. Under the terms of the proposed transaction, LPS stockholders will receive approximately $33.25 for each share of LPS common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $36.00 for LPS.