North Valley Bancorp Merger Litigation (Nasdaq: NOVB)
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of North Valley Bancorp - NOVB
BALA CYNWYD, January 22, 2014 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of North Valley Bancorp (“North Valley” or the “Company”) (Nasdaq –NOVB-News) relating to the proposed acquisition by TriCo Bancshares (“TriCo”).
Under the terms of the transaction, North Valley shareholders will receive only 0.9433 shares of TriCo for each share of North Valley stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of North Valley for not acting in the Company’s shareholders' best interests in connection with the sale process. The investigation seeks to determine if the North Valley Board of Directors failed to conduct an adequate auction process and if TriCo is underpaying for North Valley.
If you own shares of North Valley common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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