WILMINGTON, Del.--(BUSINESS WIRE)--
Rigrodsky & Long, P.A.:
- Do you own shares of Atlantic Coast Financial Corporation (NASDAQ GM: ACFC)?
- Did you purchase any of your shares prior to November 17, 2017?
- Do you think the proposed buyout is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Atlantic Coast Financial Corporation (“Atlantic Coast” or the “Company”) (NASDAQ GM: ACFC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Ameris Bancorp (“Ameris”) (NASDAQ GS: ABCB) in a transaction valued at approximately $146 million. Under the terms of the agreement, shareholders of Atlantic Coast will receive 0.17 shares of Ameris common stock and $1.39 in cash for each share of Atlantic Coast common stock.
If you own common stock of Atlantic Coast and purchased any shares before November 17, 2017, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, or by e-mail at [email protected].
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.
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