Business & Finance
Business and Finance
Business and Finance
Tue, October 26, 2010 The Wilber Corporation Shareholder Investigation By Briscoe Law Firm Regarding the Acquisition by Community Bank Systems, Inc.
DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of [ The Wilber Corporation ] (aWilbera aGIWa) (NYSE: GIW) related to the proposed acquisition of Wilber by Community Bank Systems, Inc.
The definitive merger agreement, which was announced on October 25, 2010, involves a transaction valued at approximately $101.8 million under which GIWa™s common shareholders will receive $950 per share. This investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of GIW for approving this transaction and whether GIWa™s Board of Directors acted in the shareholdersa™ best interests.
If you currently own shares of Wilber/GIW and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
