NEW YORK, May 9, 2014 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of 1st United
Bancorp, Inc. ("1st United" or "the Company") (NasdaqGS: FUBC) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Valley National
Bancorp ("Valley National") (NYSE: VLY).
Click here to learn more about the investigation:
http://zlk.9nl.com/1st-united-fubc, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, 1st United shareholders will
receive 0.89 of a share of Valley National for each outstanding
share of 1st United common stock they own. The transaction is
currently valued at approximately $312
million. The investigation concerns whether the 1st United
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 Valley National is underpaying
for 1st United shares.
If you own 1st United common stock 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/1st-united-fubc.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut, and Washington D.C. The
firm's 26 attorneys have 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. 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: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP