INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of 1st United Bancorp, Inc. of Class Action Against Its Board of Dir...
02 Junho 2014 - 1:24PM
Levi & Korsinsky notifies investors of 1st United Bancorp, Inc.
("1st United" or "the Company") (Nasdaq:FUBC) of claims of breaches
of fiduciary duty and other violations of state law against the
board of directors of the Company in connection with the sale of
the Company to Valley National Bancorp ("Valley National")
(NYSE:VLY). A complaint was filed in Florida state court.
Click here to learn more about the case:
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 claims concern
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.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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