NEW YORK, July 8, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Frederick County Bancorp, Inc. ("Frederick County" or the "Company") (OTC: FCBI) in connection with the proposed acquisition of the Company by ACNB Corporation ("ACNB") (NASDAQ: ACNB). Under the terms of the agreement, Frederick County shareholders will receive 0.99 of a ACNB share for each Frederick County share they own, representing consideration of $37.34 per share based on ACNB's July 2 closing price.
If you own Frederick County shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
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WeissLaw is investigating whether Frederick County's Board acted to maximize shareholder value prior to entering into the acquisition agreement. Notably, according to ACNB's President and CEO, Frederick County is located in a "growing, vibrant market for community banking . . . Strategically, this acquisition is intended to complement our operations . . . with growth opportunities adjacent to our current footprint while contributing to [ACNB's] established tradition of enhancing long-term shareholder value."
WeissLaw is investigating whether Frederick County's Board conducted a fair process in agreeing to the proposed acquisition, whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
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 clients and obtained important corporate governance relief in many of 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 materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
SOURCE WeissLaw LLP