WeissLaw LLP Investigates Virginia Commerce Bancorp, Inc. Acquisition
30 Janvier 2013 - 11:51PM
Business Wire
WeissLaw LLP, a national class action and shareholder rights law
firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Virginia Commerce
Bancorp, Inc. (“Virginia Commerce” or the “Company”) (NASDAQ: VCBI)
arising from its agreement for Virginia Commerce to be acquired by
United Bankshares, Inc. (“United”) in an all-stock transaction
valued at approximately $490.6 million. Under the terms of the
proposed transaction Virginia Commerce shareholders will receive
0.5442 shares of United’s shares for each share of Virginia
Commerce owned, for an approximate value of $14 per share.
WeissLaw LLP is investigating whether Virginia Commerce’s Board
acted in the best interests of its public shareholders by actively
shopping the Company to maximize shareholder value for Virginia
Commerce’s public shareholders, prior to entering into the proposed
transaction with United. If you own Virginia Commerce shares and
would like more information about your rights as a shareholder or
additional information concerning our investigation, please contact
Michael A. Rogovin either by telephone at (888) 593-4771 or by
email at info@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at info@weisslawllp.com or fill out the form on our
website, http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
Virginia Commerce Bancorp (MM) (NASDAQ:VCBI)
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