Shore Bancshares, Inc.
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SHORE BANCSHARES MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF SHORE BANCSHARES, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – SHBI
April 24, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Shore Bancshares, Inc. (NASDAQ: SHBI) and Severn Bancorp, Inc. is fair to Shore Bancshares shareholders. Severn shareholders are expected to receive cash and stock in connection with the merger.
The investigation concerns whether Shore Bancshares 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 Shore Bancshares shareholders; and (2) disclose all material information necessary for Shore Bancshares shareholders to adequately assess and value the merger consideration.
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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