SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary
May 3rd 2013 1:41PM
Updated May 3rd 2013 1:44PM
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Commerce National Bank in Connection with the Sale of the Company to Sterling Savings Bank
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Commerce National Bank ("CNB" or the "Company") (OTC BB: CNBF) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sterling Savings Bank, a subsidiary of Sterling Financial Corporation (NasdaqCM: STSA).
Click here to learn more about the investigation http://zlk.9nl.com/commerce-national-bank-cnbf/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, CNB shareholders will receive $15.10 for each share of CNB stock they own. The investigation concerns whether the CNB 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 Sterling Savings Bank is underpaying for CNB stock, thus unlawfully harming CNB shareholders.
If you own common stock in CNB 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/commerce-national-bank-cnbf/.
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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
KEYWORDS: United States North America New York Pennsylvania
The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Commerce National Bank in Connection with the Sale of the Company to Sterling Savings Bank 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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