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The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Whitney

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^{Published in Business and Finance on Thursday, December 23rd 2010 at 15:16 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg is investigating the Board of Directors of Whitney Holding Corporation (Nasdaq: WTNY) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Hancock Holding Company (Nasdaq: HBHC). Under the terms of the proposed transaction, Whitney shareholders will receive 0.418 share of Hancock common stock for each share of Whitney they own. Based on the previous closing price of Hancock stock, the transaction values Whitney at $15.48 per share with a total transaction value of approximately $1.5 billion.

The investigation concerns whether the Whitney Board of Directors breached their fiduciary duties to Whitney stockholders by failing to adequately shop the Company before entering into this transaction and whether Hancock is underpaying for Whitney shares.

If you own common stock in Whitney and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/whitney-holding.html ].

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.