The Law Office of Robbins Arroyo LLP Announces That It Has Filed a Class Action Lawsuit Against Outerwall Inc.

SAN DIEGO & BELLEVUE, Wash.--()--Shareholder rights law firm Robbins Arroyo LLP announces that it filed a class action lawsuit on August 19, 2016, in the U.S. District Court for the Western District of Washington at Seattle (the "Court") on behalf of the shareholders of Outerwall Inc. ("Outerwall") (NASDAQGS: OUTR) against its Board of Directors for, among other things, violations of sections 14(e) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and U.S. Securities and Exchange Commission ("SEC") Rule 14a-9 promulgated thereunder.

Outerwall Is Accused of Disseminating a False and Misleading Proxy Statement

The action arises out of a July 25, 2016 press release announcing that Outerwall had entered into an Agreement and Plan of Merger pursuant to which Apollo Global Management, LLC will acquire all of Outerwall's common stock for $52 per share in cash (the "Proposed Acquisition"). The complaint seeks injunctive relief on behalf of the named plaintiff and all other similarly situated Outerwall shareholders (the "Class"). The named plaintiff is represented by Robbins Arroyo LLP.

The complaint alleges that, in an attempt to secure shareholder approval of the Proposed Acquisition, defendants filed a materially false and misleading Recommendation Statement with the SEC in violation of the Exchange Act. The omitted and/or misrepresented information is believed to be material to Outerwall shareholders' ability to make an informed decision whether to approve the Proposed Acquisition.

If you purchased or otherwise acquired Outerwall on or prior to the July 25, 2016 announcement of the Proposed Acquisition and wish to serve as lead plaintiff, you must move the Court no later than sixty days from August 26, 2016. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact attorney Darnell R. Donahue of Robbins Arroyo LLP at 800-350-6003, via the shareholder information form on our website, or by e-mail at info@robbinsarroyo.com. Any member of the Class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent Class member.

Robbins Arroyo LLP, a nationally recognized leader in the area of shareholder rights litigation, represents individual and institutional investors in securities class action lawsuits and shareholder derivative actions. Robbins Arroyo LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Past results do not guarantee similar outcomes. For more information about the firm, please go to http://www.robbinsarroyo.com.

Press release link: www.robbinsarroyo.com/shareholders-rights-blog/outerwall-inc-august-2016

Contacts

Robbins Arroyo LLP
Darnell R. Donahue
(619) 525-3990 or Toll Free (800) 350-6003
ddonahue@robbinsarroyo.com
www.robbinsarroyo.com

Release Summary

Do you own shares of Outerwall Inc.? Robbins Arroyo LLP is investigating claims on behalf of shareholders of Outerwall.

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Contacts

Robbins Arroyo LLP
Darnell R. Donahue
(619) 525-3990 or Toll Free (800) 350-6003
ddonahue@robbinsarroyo.com
www.robbinsarroyo.com