Rigrodsky & Long, P.A. Announces Investigation Of Community Financial Corporation Buyout
August 03 2012 - 6:14PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Community
Financial Corporation (“Community Financial” or the “Company”)
(NASDAQ CM: CFFC) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an
agreement to be acquired by City Holding Company (“City Holding”)
(NASDAQ GS: CHCO) in a transaction valued at approximately $26.1
million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/community-financial-corporation-cffc.
Under the terms of the proposal, public shareholders of
Community Financial will receive 0.1753 shares of City Holding
common stock for each share of Community Financial they own. Based
on City Holding’s closing price on August 2, 2012 of $32.37, the
total value would be approximately $5.67 for each share of
Community Financial owned.
The investigation concerns whether Community Financial’s board
of directors failed to adequately shop the Company and obtain the
best possible value for Community Financial’s shareholders before
entering into an agreement with City Holding.
If you own the common stock of Community Financial and purchased
your shares before August 2, 2012, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/community-financial-corporation-cffc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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