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Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of American Community

^{Published on 2010-10-05 18:40:48 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of American Community Bancorp, Inc. (aAmerican Communitya or the aCompanya) (OTCBB: ACBP) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to German American Bancorp, Inc. (aGerman Americana) (NasdaqGS: GABC). Under the terms of the transaction, American Community common shareholders will receive 0.725 shares of German American common stock and $2.00 in cash for each share of American Community stock they own. Based upon the closing price of German American's common shares on October 4, 2010 ($16.70), the transaction values American Community stock at approximately $14.11 per share with a total transaction value of approximately $27.9 million. Click here to learn how to join the action: [ http://www.zlk.com/americancomm-acbp.html ], or call: 877-363-5972.

The investigation concerns whether the American Community Board of Directors breached their fiduciary duties to American Community stockholders by failing to adequately shop the Company before entering into this transaction and whether German American is underpaying for American Community shares, thus unlawfully harming American Community stockholders.

If you own common stock in American Community and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/americancomm-acbp.html ].

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.