NEW YORK -- (Business Wire)
WeissLaw LLP, a national class action and shareholder rights law firm
with offices in New York City and Los Angeles, is investigating possible
breaches of fiduciary duty and other violations of law by the Board of
Directors of Virginia Commerce Bancorp, Inc. (“Virginia Commerce” or the
“Company”) (NASDAQ: VCBI) arising from its agreement for Virginia
Commerce to be acquired by United Bankshares, Inc. (“United”) in an
all-stock transaction valued at approximately $490.6 million. Under the
terms of the proposed transaction Virginia Commerce shareholders will
receive 0.5442 shares of United’s shares for each share of Virginia
Commerce owned, for an approximate value of $14 per share.
WeissLaw LLP is investigating whether Virginia Commerce’s Board acted in
the best interests of its public shareholders by actively shopping the
Company to maximize shareholder value for Virginia Commerce’s public
shareholders, prior to entering into the proposed transaction with
United. If you own Virginia Commerce shares and would like more
information about your rights as a shareholder or additional information
concerning our investigation, please contact Michael A. Rogovin either
by telephone at (888) 593-4771 or by email at email@example.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties. We have
recovered over a billion dollars for defrauded institutions and
individuals and obtained important corporate governance in these cases.
If you have information or would like legal advice concerning possible
corporate wrongdoing (including insider trading, waste of corporate
assets, accounting fraud, or issuing materially misleading information),
consumer fraud (including false advertising, defective products, or
other deceptive business practices), or anti-trust violations, please
email us at firstname.lastname@example.org
or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar outcome.
Michael A. Rogovin, Esq.
1500 Broadway, 16th
New York, NY 10036
Source: WeissLaw LLP
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