NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Jacksonville Bancorp, Inc. (NASDAQCM:JXSB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to CNB Bank Shares, Inc. Under the terms of the deal, Jacksonville Bancorp shareholders will receive $33.70 for each Jacksonville Bancorp share they own.
The investigation concerns whether the Jacksonville Bancorp Board of Directors breached their fiduciary duties to Jacksonville Bancorp stockholders by failing to adequately shop the Company before entering into this transaction and whether CNB Bank Shares, Inc. is underpaying for Jacksonville Bancorp shares, thus unlawfully harming Jacksonville Bancorp stockholders.
If you own common stock in Jacksonville Bancorp and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or http://docs.wongesq.com/JXSB-Info-Request-Form-1795.
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.
