SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary
Nov 16th 2012 7:05AM
Updated Nov 16th 2012 7:10AM
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of White River Capital, Inc. in Connection with the Sale of the Company to Parthenon Capital Partners
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of White River Capital, Inc. ("White River" or the "Company") (NYSE MKT: RVR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company and its subsidiary, Coastal Credit, LLC, to an affiliate of Parthenon Capital Partners.
Click here to learn more about the investigation http://zlk.9nl.com/white-river-capital-rvr, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, White River shareholders will receive $21.93 for each share of White River stock they own. The transaction has a total approximate value of $79.5 million. The investigation concerns whether the White River Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Parthenon Capital Partners is underpaying for White River shares, thus unlawfully harming White River stockholders. In particular, White River stock has traded as high as $23.00 per share as recently as October 17, 2012.
If you own common stock in White River and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/white-river-capital-rvr.
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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
KEYWORDS: United States North America New York
The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of White River Capital, Inc. in Connection with the Sale of the Company to Parthenon Capital Partners originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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