The following statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED
COMMON STOCK OF ALLIANCE BANCORP INC. OF PENNSYLVANIA PRIOR
TO MARCH 3, 2015 AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that Levi & Korsinsky, LLP has commenced
an investigation into the fairness of the sale of Alliance
Bancorp Inc. of Pennsylvania (“Alliance”) (Nasdaq:ALLB). Click
here to learn more about the action: http://zlk.9nl.com/alliance-bancorp-pennsylvania-allb.
There is no cost or obligation to you.
The Board of Directors of Alliance agreed to sell the company to WSFS
Financial Corporation (NASDAQ:WSFS). Under the terms of the
transaction, Alliance shareholders may elect to receive 0.28955 shares
of WSFS common stock or $22.00 in cash for each common share of Alliance
stock they own. The investigation concerns whether the Board of
Alliance breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether WSFS Financial is underpaying for Alliance
shares.
If you own Alliance common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/alliance-bancorp-pennsylvania-allb.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm’s attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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