WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Bank of Commerce (OTC QB: BONC)?
- Did you purchase any of your shares prior to March 4, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Bank of Commerce (“Bank of Commerce” or the “Company”) (OTC QB: BONC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by HomeTrust Bancshares, Inc. (“HomeTrust”) (NASDAQ GS: HTBI), in a transaction valued at approximately $10.1 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/bank-of-commerce-bonc.
Under the terms of the agreement, public shareholders of Bank of Commerce will receive $6.25 per share in cash for each share of Bank of Commerce they own.
The investigation concerns whether Bank of Commerce’s board of directors failed to adequately shop the Company and obtain the best possible value for Bank of Commerce’s shareholders before entering into an agreement with HomeTrust.
If you own the common stock of Bank of Commerce and purchased your shares before March 4, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803; by telephone at (888) 969-4242; or by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/bank-of-commerce-bonc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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