According to a press release a law firm is currently investigating on behalf of current Epicor Software Corporation (NASDAQ:EPIC) investors possible breaches of fiduciary duty and other violations of state law by the board of directors of Epicor Software Corporation.

According to the press release the investigation focuses on possible breaches of fiduciary duty and other violations of state law by the board of directors of Epicor Software Corporation arising out of their failure to properly consider and their rejection of an offer from Elliott Associates LP to purchase the Epicor Software Corp. for $9.50 per share. The Software Corp board breached their fiduciary duties because the offer provides shareholders with a 39% premium to the closing price of Epicor Software Corp. shares on the day prior to Elliott Associates LP tender offer and because the Epicor Software Corp. board has taken steps to block any unsolicited takeovers, including the offer from Elliott Associates LP, so the investigation.