SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches
SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Alliance Financial Corporation in Connection with the Sale of the Company to NBT Bancorp Inc.
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors Alliance Financial Corporation ("Alliance" or the "Company") (NAS: ALNC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to NBT Bancorp Inc. (NasdaqGS: NBTB) ("NBT").
Click here to learn more about the investigation: http://zlk.9nl.com/alliance-financial-alnc, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Alliance shareholders will receive 2.1779 shares of NBT common stock for each Alliance share they own, representing a value of approximately $48.00 per share. The investigation concerns whether the Alliance Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether NBT is underpaying for Alliance shares, thus unlawfully harming Alliance stockholders. In particular, at least one analyst set a price target for Alliance stock at $50.00 per share.
If you own common stock in Alliance and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/alliance-financial-alnc.
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.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
KEYWORDS: United States North America New York
The article SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Alliance Financial Corporation in Connection with the Sale of the Company to NBT Bancorp Inc. 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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