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The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Abington Bancorp, Inc. in C

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  Published in Business and Finance on Tuesday, February 1st 2011 at 16:45 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 Abington Bancorp, Inc. (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. (Nasdaq: SUSQ). Under the terms of the deal, Abington shareholders will receive 1.32 shares of Susquehanna common stock per share which values Abington shares at $13.04 per share, based on the prior day closing prices. The total transaction is valued at approximately $273 million.

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.

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