NEW YORK, Nov. 17, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of First West Virginia
Bancorp, Inc. ("FWVB" or the "Company") (OTC: FWVB) in connection
with the proposed acquisition of the Company by CB Financial
Services, Inc. ("CBFV") (NASDAQ: CBFV). Under the terms of
the acquisition agreement, the Company's shareholders can elect to
receive $28.50 in cash or 0.9583 of a
share of CBFV for each FWVB.
WeissLaw is investigating whether FWVB's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, in its most recent financial release, the Company reported
total assets increased $7.9 million,
or 2.3%, to $343.1 million in the
nine-month period ended September 30,
2017.
Given these facts, WeissLaw is investigating whether FWVB's
shareholders will obtain their fair and proportionate share of the
Company's continued success and future growth prospects. If
you own FWVB shares and would like more information about your
rights or our investigation, or if you have information to share
with us, please contact Joshua
Rubin by telephone at (888) 593-4771 or by
email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our
website, http://weisslawllp.com/first-west-virginia-bancorp-inc/
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SOURCE WeissLaw LLP