Rigrodsky & 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. 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. Attorney advertising. Prior results do not guarantee a similar outcome.