SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the ...
August 20 2012 - 4:22PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Community Financial Corp. (“Community Financial” or the “Company”)
(Nasdaq: CFFC) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to City Holding Co. (Nasdaq: CHCO).
Click here to learn more about the investigation:
http://zlk.9nl.com/community-financial-corp-cffc, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Community Financial
shareholders will receive 0.1753 shares of City Holding Co. common
stock for each share of Community Financial stock they own,
representing a value of approximately $6 per share. The transaction
has an approximate total value of $26.1 million. The investigation
concerns whether the Community Financial Board of Directors
breached their fiduciary duties to Community Financial stockholders
by failing to adequately shop the Company before entering into this
transaction and whether City Holding Co. is underpaying for
Community Financial shares, thus unlawfully harming Community
Financial stockholders. In particular, Community Financial has a
reported Book Value of $8.71 per share, for the most recent
quarter.
If you own common stock in Community Financial and wish to
obtain additional information, please contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/community-financial-corp-cffc.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
Community Financial Corp. (MM) (NASDAQ:CFFC)
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