Middlefield Banc Corp.
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HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF MIDDLEFIELD BANC CORP. IS FAIR TO SHAREHOLDERS
May 27, 2022.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Middlefield Banc Corp. (NASDAQ: MBCN) and Liberty Bancshares, Inc. is fair to Middlefield shareholders. Upon completion of the proposed transaction, Middlefield shareholders will own approximately 69% of the combined company.
The investigation concerns whether Middlefield and its board 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 Middlefield shareholders; and (2) disclose all material information necessary for Middlefield shareholders to adequately assess and value the merger consideration. On behalf of Middlefield 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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