MERGER UPDATE - HOME FEDERAL BANCORP: Levi & Korsinsky, LLP Reminds Investors
of Claims of Breaches of Fiduciary Duty Against Board of Home Federal Bancorp,
Inc. in Connection With Sale of Company to Cascade Bancorp -- HOME
NEW YORK, Nov. 1, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors
of Home Federal Bancorp, Inc. ("Home Federal" or the "Company") (Nasdaq:HOME)
of claims of breaches of fiduciary duty and other violations of state law
against the board of directors of the Company in connection with the sale of
the Company to Cascade Bancorp (Nasdaq:CACB). A complaint was filed in
Maryland state court.
Click here to learn more about thecase 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 claims
concern 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 fees.
If you own Home Federal common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
email@example.com 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.
CONTACT: 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
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