Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of Epicor Software Corporation

BOCA RATON, Fla.--(BUSINESS WIRE)--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Epicor Software Corporation ("Epicor" or the "Company") (Nasdaq: EPIC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to an affiliate of private equity firm Apax Partners. Under the terms of the proposed transaction, Epicor shareholders are to receive $12.50 in cash for each share of Epicor common stock, for a total value of approximately $976 million.

The investigation involves whether the Board of Directors of Epicor breached their fiduciary duties to Epicor stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Epicor has disclosed all material information to shareholders about the proposed transaction. Specifically, over the past eight months, Epicor stock increased over 75% from $6.41 on August 13, 2010 to $11.24 on April 1, 2011. Further, according to Yahoo Finance, analysts have set a median target price of $13.00 per share, and one analyst has a target price of $14.00 per share.

If you own stock in Epicor and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at jstein@jonathansteinlaw.com or by telephone at (561) 961-2244.

The Law Office of Jonathan M. Stein, P.L. represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, www.jonathansteinlaw.com, and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.