NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Monarch Community Bancorp, Inc. (“Monarch” or “the Company”) (Other OTC: MCBF) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Chemical Financial Corporation (“Chemical Financial”).
Click here to learn more about the investigation: http://zlk.9nl.com/monarch-community-mcbf.
Under the terms of the transaction, Monarch shareholders will receive 0.0982 shares of Chemical Financial stock for each share of Monarch stock they own, representing a value of approximately $2.92 per share. The investigation concerns whether the Board of Monarch breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Chemical Financial is underpaying for Monarch shares.
If you own Monarch common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/monarch-community-mcbf.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.