NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Atlantic Coast Financial Corporation (NASDAQ:ACFC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Ameris Bancorp (NASDAQGS:ABCB). Under the terms of the deal, Atlantic Coast Financial shareholders will receive 0.17 shares of Ameris common stock and $1.39 in cash per share.
The investigation concerns whether the Atlantic Coast Financial Board of Directors breached their fiduciary duties to Atlantic Coast Financial stockholders by failing to adequately shop the Company before entering into this transaction and whether Ameris Bancorp is underpaying for Atlantic Coast Financial shares, thus unlawfully harming Atlantic Coast Financial stockholders.
If you own common stock in Atlantic Coast Financial and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or http://docs.wongesq.com/ACFC-Info-Request-Form-1742.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.