Bernstein Liebhard LLP Announces Investigation Into The Proposed Sale Of Bay Bancorp, Inc.

NEW YORK, Oct. 24, 2017 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Bay Bancorp, Inc. ("Bay Bancorp" or the "Company") (NASDAQ: BYBK) is breaching its fiduciary duties to its shareholders by agreeing to sell the Company to Old Line Bancshares, Inc. ("OLBK").  Under the terms of the agreement, Bay Bancorp shareholders will receive a number of OLBK shares calculated by dividing $11.80 by the volume weighted average closing prices of OLBK common stock for the 20 trading days ending five trading days before the merger closes.

The investigation is focused on the potential unfairness of the consideration offered to Bay Bancorp shareholders and the process by which the Bay Bancorp Board of Directors considered and approved the acquisition.

If you currently own Bay Bancorp shares and are interested in discussing your rights, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or [email protected].

Bernstein Liebhard LLP has pursued hundreds of securities, consumer, and shareholder rights cases and recovered over $3.5 billion for its clients.  The Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times.

ATTORNEY ADVERTISING. © 2017 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
[email protected]

SOURCE Bernstein Liebhard LLP

Related Links

http://www.bernlieb.com