|[August 03, 2012]
Rigrodsky & Long, P.A. Announces Investigation Of Community Financial Corporation Buyout
WILMINGTON, Del. --(Business Wire)--
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of Community Financial Corporation
("Community Financial" or the "Company") (NASDAQ CM: CFFC)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company's entry into an agreement to be acquired by
City Holding Company ("City Holding") (NASDAQ GS: CHCO)
in a transaction valued at approximately $26.1 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/community-financial-corporation-cffc.
Under the terms of the proposal, public shareholders of Community
Financial will receive 0.1753 shares of City Holding common stock for
each share of Community Financial they own. Based on City Holding's
closing price on August 2, 2012 of $32.37, the total value would be
approximately $5.67 for each share of Community Financial owned.
The investigation concerns whether Community Financial's board of
directors failed to adequately shop the Company and obtain the best
possible value for Community Financial's shareholders before entering
into an agreement with City Holding.
If you own the common stock of Community Financial and purchased your
shares before August 2, 2012, 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 Peter Allocco at
Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City,
New York 11530 toll free at (888) 969-4242, by e-mail to firstname.lastname@example.org,
or at: http://www.rigrodskylong.com/investigations/community-financial-corporation-cffc.
& 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.
Attorney advertising. Prior results do not guarantee a similar outcome.
[ Back To Budgeting, Planning & Forecasting's Homepage ]