Old Second Bancorp, Inc.
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OLD SECOND BANCORP INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF OLD SECOND BANCORP, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – OSBC
July 26, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Old Second Bancorp, Inc. (NASDAQ: OSBC) and West Suburban Bancorp, Inc. is fair to Old Second Bancorp shareholders. Under the terms of the merger agreement, West Suburban shareholders will receive 42.413 shares of Old Second common stock and $271.15 in cash for each share of West Suburban common stock.
The investigation concerns whether Old Second 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 Old Second shareholders; and (2) disclose all material information necessary for Old Second shareholders to adequately assess and value the merger consideration. On behalf of Old Second 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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