INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Home
Federal Bancorp, Inc. (HOME) Over the Proposed Sale of the Company to
Cascade Bancorp (CACB)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Home Federal Bancorp,
NEW YORK -- October 25, 2013
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating the Board of
Directors of Home Federal Bancorp (“Home Federal” or the “Company”) (HOME) for
potential breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to Cascade Bancorp (CACB) in a cash and
stock deal valued at approximately $265.7 million. Earlier this month Home
Federal announced the Company had entered into a merger agreement with Banner
Corporation (BANR). The termination of this merger will cost Home Federal
approximately $3 million in fees.
Request more information now by clicking here: www.faruqilaw.com/HOME. There
is no cost or obligation to you.
The investigation focuses on whether Home Federal’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to this proposed
transaction, whether and by how much this proposed transaction undervalues the
Company to the detriment of Home Federal’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm’s clients. To keep track of the
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If you own common stock in Home Federal Bancorp and wish to obtain additional
information and protect your investments free of charge, please visit us at
www.faruqilaw.com/HOME or contact Juan E. Monteverde, Esq. either via e-mail
at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212)
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible
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results do not guarantee or predict a similar outcome with respect to any
future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: 877-247-4292
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