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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Tower Financial Corporation In Connection With Sale Of Company To Old National Bancorp
Sept. 11, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Tower Financial Corporation ("Tower" or the "Company") (NasdaqGM: TOFC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Old National Bancorp ("Old National") (NasdaqGS: ONB).
Click here to learn more about the investigation
http://zlk.9nl.com/tower-financial-tofc/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Tower shareholders will receive 1.20 shares of Old National common stock and
$6.75 in cash for each share of Tower stock they own. The transaction has a total approximate value of
$108 million. The investigation concerns whether the Tower Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Old National is underpaying for Tower shares.
If you own Tower common stock and wish to obtain additional information, please contact
Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
New Jersey 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. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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