STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Paragon Commercial Corporation (NASDAQ: PBNC) (“Paragon” or the “Company”) relating to the proposed buyout of Paragon by TowneBank. Under the terms of the agreement, Paragon shareholders are anticipated to receive 1.7250 shares of TowneBank for each share of Paragon common stock he...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Paragon Commercial Corporation (NASDAQ: PBNC) (“Paragon” or the “Company”) relating to the proposed buyout of Paragon by TowneBank. Under the terms of the agreement, Paragon shareholders are anticipated to receive 1.7250 shares of TowneBank for each share of Paragon common stock he...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of Paragon Commercial Corporation (NASDAQ CM: PBNC)? Did you purchase any of your shares prior to April 27, 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 Paragon Commercial Corporation (“Paragon” or the “Company”) (NASDAQ C...
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Paragon Commercial Corporation (“Paragon”) (NasdaqCM: PBNC) concerning the merger with TowneBank (NASDAQ: TOWN). Under the terms of the agreement, shareholders will only receive 1.725 shares of TowneBank stock for each Paragon share held. Based on the closing price of TowneBank before the deal was announced, the consideration is valued at approximately $59.29 per ...
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