NEW YORK, Dec. 14, 2016 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating the Board of Directors of Bay Banks of Virginia, Inc. ("Bay Banks" or the "Company")(OTC Markets Group's OTCQB tier (trading symbol "BAYK") for potential breaches of fiduciary duties in connection with the merger and acquisition of Virginia BanCorp, Inc. ("Virginia BanCorp"). Under the terms of the agreement, Bay Banks shareholders will give Virginia BanCorp shareholders the right to receive 1.178 shares of common stock of Bay Banks for each outstanding share of Virginia BanCorp.
Click here for more information: www.monteverdelaw.com/investigations. It is free and there is no cost or obligation to you.
The investigation focuses on whether Bay Banks's Board of Directors breached their fiduciary duties to the Company's stockholders by 1) improperly valuing this proposed transaction and 2) failing to disclose all material information in connection with the proxy statement for the upcoming shareholder meeting. Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
If you own common stock in Bay Banks and wish to obtain additional information and protect your investments free of charge, please visit us at www.monteverdelaw.com/investigations or Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (212) 971-1341.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. 59th Floor
New York, NY 10118
United States of America
Tel: (212) 971-1341
Attorney Advertising. (C) 2016 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
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SOURCE Monteverde & Associates PC