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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Abingt

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  Published in Business and Finance on Thursday, January 27th 2011 at 10:30 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Abington Bancorp, Inc. (aAbingtona or the aCompanya) (Nasdaq: ABBC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Susquehanna Bancshares, Inc. (aSusquehannaa) (Nasdaq: SUSQ). Under the terms of the transaction, Abington shareholders will receive 1.32 shares of Susquehanna common stock for each share of Abington common stock they own. The transaction values Abington shares at $13.04 per share for a total transaction value of approximately $273 million.

Click here to learn how to join the action: [ http://www.zlk.com/abington-bancorp.html ], or call: 877-363-5972.

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

If you own common stock in Abington 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/abington-bancorp.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.