Business & Finance
Mon, January 31, 2011Sun, January 30, 2011Sat, January 29, 2011Fri, January 28, 2011Thu, January 27, 2011Wed, January 26, 2011Tue, January 25, 2011Mon, January 24, 2011Fri, January 21, 2011Thu, January 20, 2011Wed, January 19, 2011The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Fort O
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Published in Business and Finance on Tuesday, January 25th 2011 at 15:40 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Fort Orange Financial Corporation (aFort Orangea or the aCompanya) (OTC: FOFC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Chemung Financial Corporation (aChemung Financiala) (OTC:CHMG). Under the terms of the transaction, Fort Orange stockholders may chose one of three options for compensation. In exchange for each share of Fort Orange stock they own, shareholders may receive: $7.50 cash, Chemung Financial stock at an exchange ratio of 0.3571, or a cash and stock consideration comprised of cash for 25% of their shares and stock for 75% of their Fort Orange shares.
Click here to learn more about this investigation: [ http://www.zlk.com/fort-orange-financial-fofc.html ], or call: 877-363-5972.
The investigation concerns whether the Fort Orange Board of Directors breached their fiduciary duties to Fort Orange stockholders by failing to adequately shop the Company before entering into this transaction and whether Chemung Financial is underpaying for Fort Orange shares, thus unlawfully harming Fort Orange stockholders.
If you own common stock in Fort Orange 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/fort-orange-financial-fofc.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. Attorney advertising. Prior results do not guarantee similar outcomes.