The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Indian...
25 Janvier 2012 - 10:42PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Indiana Community Bancorp (“Indiana Community Bancorp” or the
“Company”) (Nasdaq: INCB) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to Old National Bancorp (NYSE: ONB). Under the terms of
the transaction, Indiana Community Bancorp shareholders will
receive 1.90 shares of Old National Bancorp common stock for each
share of Indiana Community Bancorp common stock they own. The
transaction values Old National Bancorp common stock at
approximately $12.00 per share.
Click here to learn how to join the action:
http://www.zlk.com/indiana-community-bancorp-incb, or call:
877-363-5972.
The investigation concerns whether the Indiana Community Bancorp
Board of Directors breached their fiduciary duties to Indiana
Community Bancorp stockholders by failing to adequately shop the
Company before entering into this transaction and whether Indiana
Community Bancorp is underpaying for Indiana Community Bancorp
shares, thus unlawfully harming Indiana Community Bancorp
stockholders.
If you own common stock in Indiana Community Bancorp 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 http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Indiana Community Bancorp (MM) (NASDAQ:INCB)
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