Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Sterling Banks, Inc.

Levi & Korsinsky is investigating the Board of Directors of Sterling Banks, Inc. (“Sterling Banks” or the “Company”) (NasdaqCM: STBK) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Roma Financial Corporation ("Roma Financial") (NasdaqGS: ROMA). Under the terms of the proposed transaction, Roma Financial will acquire all of the outstanding shares of Sterling Banks for a total purchase price of approximately $14.7 million in cash, or $2.52 per share for each share of Sterling Banks common stock outstanding.

The investigation concerns whether the Sterling Banks of Directors breached their fiduciary duties to Sterling Banks stockholders by failing to adequately shop the Company before entering into this transaction and whether Roma Financial is underpaying for Sterling Banks shares, thus unlawfully harming Sterling Banks stockholders. Sterling Banks has a book value of $3.70 per share.

If you own common stock in Sterling Banks and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/stbk1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Sterling Banks (MM) (NASDAQ:STBK)
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から 5 2024 まで 6 2024