Level One Bancorp, Inc.
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LEVL MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF LEVEL ONE BANCORP, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – LEVL
November 8, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Level One Bancorp, Inc. (NASDAQ: LEVL) to First Merchants Corporation is fair to Level One shareholders. Under the terms of the merger, Level One shareholders will have the right to receive 0.7167 share of First Merchants common stock and $10.17 in cash for each share of Level One common stock owned.
The investigation concerns whether Level One 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 Level One shareholders; (2) determine whether First Merchants is underpaying for Level One; and (3) disclose all material information necessary for Level One shareholders to adequately assess and value the merger consideration. On behalf of Level One 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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