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The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Whitney Holding Corporation

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  Published in Business and Finance on Thursday, December 30th 2010 at 16:35 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of Whitney Holding Corporation (aWhitneya) (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 (aHancocka) (Nasdaq: HBHC). Under the terms of the transaction, Whitney shareholders will receive 0.418 share of Hancock common stock per share of Whitney. Based on the previous closing prices, the transaction values Whitney stock 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 Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/whitney-holding-wtny.html ].

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.