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HIGHLANDS BANKSHARES, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Merger

WILMINGTON, DE / ACCESSWIRE / September 18, 2019 / Rigrodsky & Long, P.A.:

  • Do you own shares of Highlands Bankshares, Inc. (OTC PINK:HLND)?
  • Did you purchase any of your shares prior to September 12, 2019?
  • Do you think the proposed merger is fair?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Highlands Bankshares, Inc. ("Highlands" or the "Company") (OTC PINK:HLND) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by First Community Bankshares, Inc. ("First Community") (NASDAQ GS: FCBC) in a transaction valued at approximately $91 million. Under the terms of the agreement, shareholders of Highlands will receive 0.2703 of a share of First Community for each share of Highlands they own.

If you own common stock of Highlands and purchased any shares before September 12, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at info@rl-legal.com, or at https://www.rigrodskylong.com/offices-contact.

Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

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

CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com

SOURCE: Rigrodsky & Long, P.A.



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