INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of 1st United Bancorp, Inc. & Its Board of Directors In Connect...
May 08 2014 - 11:38AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
1st United Bancorp, Inc. (“1st United” or “the Company”) (NasdaqGS:
FUBC) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to Valley
National Bancorp (“Valley National”) (NYSE: VLY).
Click here to learn more about the investigation:
http://zlk.9nl.com/1st-united-fubc, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, 1st United shareholders will
receive 0.89 of a share of Valley National for each outstanding
share of 1st United common stock they own. The transaction is
currently valued at approximately $312 million. The investigation
concerns whether the 1st United Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Valley National is underpaying for 1st United shares.
If you own 1st United common stock 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/1st-united-fubc.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut, and Washington D.C. The firm's 26
attorneys have 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. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212)
363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510www.zlk.com
Levi & Korsinsky, LLPJoseph E. Levi, Esq.(212) 363-7500,
toll-free: (877) 363-5972jlevi@zlk.com
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