Andrews & Springer LLC, a Delaware-based law firm representing investors nationwide, has filed suit in the Delaware Chancery Court against the board of directors of DFC Global Corp. ("DFC" or the "Company") for alleged breaches of fiduciary duties in connection with the proposed acquisition of the Company by Lone Star Funds and its affiliates LSF8 Sterling Parent LLC and LSF8 Sterling Merger Company (collectively "Lone Star"). The transaction is for $9.50 per share, a net purchase price of $367 million.

The complaint alleges, among other things, that DFC's directors breached their fiduciary duties by failing to maximize shareholder value in the proposed transaction. The deal price represents only a 5.8 percent premium to the closing price of DFC's stock on the day before the merger was announced. DFC has a reported book value of $11.96 per share for the most recent quarter and projects 17% annual earnings growth over the next five years.