Independent Bank Corp.
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INDEPENDENT BANK MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF INDEPENDENT BANK CORP. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – INDB
April 22, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Independent Bank Corp. (NASDAQ: INDB) and Meridian Bancorp, Inc. is fair to Independent Bank shareholders. Meridian Bancorp shareholders are expected to receive Independent Bank stock in connection with the merger.
The investigation concerns whether Independent Bank and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Independent Bank shareholders; and (2) disclose all material information necessary for Independent Bank shareholders to adequately assess and value the merger consideration. On behalf of Independent Bank shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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