WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:
- Do you own shares of United American Bank (OTC PINK: UABK)?
- Did you purchase any of your shares prior to January 11, 2018?
- Do you think the proposed buyout is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of United American Bank (“United American” or the “Company”) (OTC PINK: UABK) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Heritage Commerce Corp. (“Heritage”) (NASDAQ GS: HTBK) in a transaction valued at approximately $44.2 million. Under the terms of the agreement, shareholders of United American will receive 2.1644 shares of Heritage common stock for each share of United American common stock.
If you own common stock of United American and purchased any shares before January 11, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, or by e-mail at firstname.lastname@example.org.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.
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Source: Rigrodsky & Long, P.A.