GREATER SACRAMENTO BANCORP SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
29 Oct, 2014, 02:24 ET
WILMINGTON, Del., Oct. 29, 2014 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Greater Sacramento Bancorp (OTC QB: GSCB)?
- Did you purchase any of your shares prior to October 15, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Greater Sacramento Bancorp ("Greater Sacramento" or the "Company") (OTC QB: GSCB) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by AmericanWest Bank ("AmericanWest"), in a transaction valued at approximately $60 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/greater-sacramento-bancorp-gscb.
Under the terms of the agreement, public shareholders of Greater Sacramento would receive $22.05 per share in cash for each share of Greater Sacramento they own.
The investigation concerns whether Greater Sacramento's board of directors failed to adequately shop the Company and obtain the best possible value for Greater Sacramento's shareholders before entering into an agreement with AmericanWest.
If you own the common stock of Greater Sacramento and purchased your shares before October 15, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to [email protected], or at: http://www.rigrodskylong.com/investigations/greater-sacramento-bancorp-gscb.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
Fax: (302) 654-7530
SOURCE Rigrodsky & Long, P.A.
Share this article