Moore Kuehn, PLLC Announces an Investigation of Pilgrim Bancshares, Inc. Acquisition
NEW YORK, Nov. 8, 2018 /PRNewswire/ -- Moore Kuehn, PLLC is investigating potential claims for breach of fiduciary duty involving the directors and officers of Pilgrim Bancshare, Inc. (Other OTC: PLRM). On July 25, 2018, Pilgrim announced a proposed acquisition of the company by Hometown financial Group ("Hometown"). Under the terms of the acquisition agreement, Pilgrim shareholders will receive $23.00 in cash for every share of Pilgrim they own. The proposed acquisition is scheduled for shareholder vote on December 11, 2018.
Moore Kuehn is investigating whether Pilgrim's Board 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process.
Moore Kuehn encourages shareholders of Pilgrim to contact Justin Kuehn, Esq. by email at [email protected] or telephone at (212) 709-8245. There is no cost or obligation to you.
Moore Kuehn is a New York-based law firm with attorneys representing investors and consumers in class action litigation involving securities law violations, financial fraud, breaches of fiduciary duties, and other claims. For additional information about Moore Kuehn, please go to www.moorekuehn.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
[email protected]
(212) 709-8245
SOURCE Moore Kuehn, PLLC
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