Rosen Law Firm Announces Investigation of Somerset Hills Bancorp in
Connection with its Sale to Lakeland Bancorp, Inc. – SOMH
NEW YORK -- January 29, 2013
The Rosen Law Firm is investigating the Board of Directors of Somerset Hills
Bancorp (NASDAQ: SOMH) for possible breaches of fiduciary duty and other
violations of state law in connection with its sale to Lakeland Bancorp, Inc.
If you would like to join the action please email or call Phillip Kim or Kevin
Chan, toll-free, at 866-767-3653; or email at firstname.lastname@example.org or
email@example.com. There is no cost or obligation to you.
Under the terms of the transaction, offered by Lakeland Bancorp, shareholders
will receive either 1.1962 shares of Lakeland Bancorp common stock or $12.00
in cash, for each share of Somerset Hills Bancorp stock they own. In addition,
90% of the total merger consideration will comprise of Lakeland Bancorp common
stock and 10% will be cash. The investigation relates to whether Somerset
Hills Bancorp’s Board breached its fiduciary duties by failing to adequately
shop the Company before entering into this transaction and whether Lakeland
Bancorp is underpaying for Somerset Hills Bancorp’s shares; consequently
unlawfully harming Somerset Hills Bancorp shareholders.
If you own Somerset Hills Bancorp common stock and wish to obtain additional
information, you may contact Phillip Kim or Kevin Chan of The Rosen Law Firm
toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or
The Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
Attorney Advertising. Prior results do not guarantee a similar outcome.
Phillip Kim, Esq.
Laurence Rosen, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34^th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 562-8616
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
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