NEW YORK--(BUSINESS WIRE)--WeissLaw LLP, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Virginia Commerce Bancorp, Inc. (“Virginia Commerce” or the “Company”) (NASDAQ: VCBI) arising from its agreement for Virginia Commerce to be acquired by United Bankshares, Inc. (“United”) in an all-stock transaction valued at approximately $490.6 million. Under the terms of the proposed transaction Virginia Commerce shareholders will receive 0.5442 shares of United’s shares for each share of Virginia Commerce owned, for an approximate value of $14 per share.
WeissLaw LLP is investigating whether Virginia Commerce’s Board acted in the best interests of its public shareholders by actively shopping the Company to maximize shareholder value for Virginia Commerce’s public shareholders, prior to entering into the proposed transaction with United. If you own Virginia Commerce shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Michael A. Rogovin either by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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