MILWAUKEE, Oct. 20, 2022 /PRNewswire/ -- Ademi LLP is investigating HV Bancorp (NASDAQ: HVBC) for possible breaches of fiduciary duty and other violations of law in its transaction with CZFS.
Click here to learn how to join the action https://www.ademilaw.com/case/hv-bancorp-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges HV Bancorp's financial outlook and prospects are excellent and yet HV Bancorp holders will receive only either $30.50 in cash or 0.400 shares of CZFS common stock, or approximately $67.4 million in the aggregate. The transaction agreement unreasonably limits competing bids for HV Bancorp by imposing a significant penalty if HV Bancorp accepts a superior bid. HV Bancorp insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of HV Bancorp's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for HV Bancorp.
If you own HV Bancorp common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/hv-bancorp-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi LLP
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article