NEW YORK, June 24, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Shore
Community Bank ("Shore" or the "Company") (OTCPK: SHRC) in
connection with the proposed acquisition of the Company by 1st
Constitution Bancorp (NASDAQ:FCCY). Under the terms of the
agreement, which is valued at $16.54
a share, SHRC shareholders will 0.8786 shares of FCCY common stock,
$16.50 in cash, or a combination of
FCCY common stock and cash, subject to adjustment.
If you own SHRC shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our
website
http://www.weisslawllp.com/shore-community-bank/
Or follow us on Twitter @MarketsAlert
WeissLaw is investigating whether Shore's Board acted to
maximize shareholder value prior to entering into the
agreement. WeissLaw is investigating whether Shore's Board
breached its fiduciary duties in agreeing to the merger.
Notably, according to 1st Constitution Bancorp's President and CEO,
Robert T. English, the merger will
expand 1st Constitution Bancorp's presence into several attractive
new markets with "desirable demographics and growth
opportunities." Additionally, the Company issued a cash
dividend of $0.075 per share on
May 17, 2019.
WeissLaw is concerned whether the Board conducted a fair process
in agreeing to the proposed acquisition, whether the proposed
acquisition undervalues the Company, whether the Company turned
down a better offer, and whether all material information related
to the proposed acquisition is fully and fairly
disclosed.
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 clients and obtained important corporate governance
relief in many of 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 materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP