NEW YORK, Nov. 10, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of MainStreet BankShares, Inc. ("MainStreet" or "the Company") (OTC MKTS: MREE) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to American National Bankshares Inc. ("American National") (NasdaqGS: AMNB).
Click here to learn more about the investigation: http://zlk.9nl.com/mainstreet-bankshares-mree.
Under the terms of the transaction, MainStreet shareholders will receive 0.482 shares of American National stock and $3.46 in cash for each share of MainStreet stock they own. The investigation concerns whether the Board of MainStreet breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether American National is underpaying for MainStreet shares.
If you own MainStreet common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/mainstreet-bankshares-mree.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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: (866) 367-6510
SOURCE Levi & Korsinsky, LLP