June 5, 2012
/PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Beacon Federal Bancorp, Inc. ("Beacon" or the "Company") (Nasdaq: BFED) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Berkshire Hills Bancorp, Inc. ("
") (Nasdaq: BHLB).
Click here to learn how to join the action: http://zlk.9nl.com/beacon-federal-bancorp-bfed, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Beacon shareholders will receive either 0.92 of a
per Beacon share they own. The transaction has a total approximate value of
. The investigation concerns whether the Beacon Board of Directors breached their fiduciary duties to Beacon stockholders by failing to adequately shop the Company before entering into this transaction and whether
is underpaying for Beacon shares, thus unlawfully harming Beacon stockholders.
If you own common stock in Beacon and wish to obtain additional information, please contact
Joseph E. Levi, Esq.
either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in
and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP