SHAREHOLDER ALERT: Levi & Korsinsky Announces Investigation into Possible Breaches of Fiduciary Duty by Board of BCSB Bancorp...
June 17 2013 - 1:41PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
BCSB Bancorp, Inc. (“BCSB” or the “Company”) (Nasdaq: BCSB) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to F.N.B.
Corporation (NYSE: FNB).
Click here to learn more about the investigation
http://zlk.9nl.com/bcsb-bancorp-bcsb/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, BCSB shareholders will
receive 2.08 shares of F.N.B. Corporation stock for each share of
BCSB stock they own, representing a value of approximately $23.77
per share based on F.N.B.’s closing stock price on June 13, 2013.
The investigation concerns whether the BCSB Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the
transaction, and whether F.N.B. Corporation is underpaying for
BCSB, thus unlawfully harming BCSB shareholders.
If you own common stock in BCSB 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/bcsb-bancorp-bcsb/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey 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.
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