MERGER UPDATE - HOME FEDERAL BANCORP: Levi & Korsinsky, LLP Investigates
Possible Breaches of Fiduciary Duty by Board of Home Federal Bancorp, Inc. In
Connection With Sale Of Company to Cascade Bancorp
NEW YORK, Oct. 25, 2013
NEW YORK, Oct. 25, 2013 /PRNewswire/ --Levi & Korsinsky is investigating the
Board of Directors of Home Federal Bancorp, Inc. ("Home Federal" or the
"Company") (Nasdaq: HOME) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company to Cascade
Bancorp (NasdaqCM: CACB).
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Click here to learn more about the investigation
http://zlk.9nl.com/home-federal/, or call: 877-363-5972. There is no cost or
obligation to you.
Under the terms of the transaction, Home Federal shareholders will receive
$120.8 million in cash and more than 24.3 million common shares. The
investigation concerns whether the Home Federal Board of Directors breached
their fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether Cascade
Bancorp is underpaying for Home Federal shares. Earlier this month Home
Federal announced it would merge with Banner Corporation; the termination of
this merger will cost Home Federal approximately $3 million in termination
If you own Home Federal common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York, New Jersey and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP
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