NEW YORK, Aug. 22, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Alliance
Bankshares Corporation ("Alliance" or the "Company") (Nasdaq: ABVA)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to
WashingtonFirst Bankshares Inc. ("WashingtonFirst") (OTC BB:
WFBI).
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Click here to learn more about the investigation:
http://zlk.9nl.com/alliance-bankshares-abva/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Alliance shareholders will
may elect to receive either 0.4435 shares of WashingtonFirst common
stock or $5.30 in cash for each share
of Alliance common stock they own. The transaction has an
approximate total value of $24.4
million. The investigation concerns whether the Alliance
Board of Directors breached their fiduciary duties to Alliance
stockholders by failing to adequately shop the Company before
entering into this transaction and whether WashingtonFirst is
underpaying for Alliance shares, thus unlawfully harming Alliance
stockholders.
If you own common stock in Alliance and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/alliance-bankshares-abva/.
Levi & Korsinsky is a national firm with offices in
New York 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.
The attorneys at Levi & Korsinsky have been appointed by
numerous courts throughout the country to serve as lead counsel on
behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. 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
www.zlk.com
SOURCE Levi & Korsinsky, LLP