NEW YORK, Sept. 17, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Highlands Bankshares, Inc. ("HLND" or the "Company") (HLND) in connection with the proposed acquisition of the Company by First Community Bankshares, Inc. (FCBC). Under the terms of the acquisition, HLND shareholders will receive 0.273 shares of FCBC for each HLND share they own.
If you own HLND shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website: please contact:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
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WeissLaw is investigating whether HLND's Board acted to maximize shareholder value prior to agreeing to be acquired. Notably, the Company recently reported total assets as of June 30, 2019, increased $4.6 million to $417.8 million.
Given these facts, WeissLaw is concerned whether the proposed acquisition undervalues the Company, 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 email@example.com
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