NEW YORK, March 6, 2015 /PRNewswire/ -- 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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
Logo - http://photos.prnewswire.com/prnh/20120409/MM84375LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/investor-alert-levi--korsinsky-llp-notifies-shareholders-of-alliance-bancorp-inc-of-pennsylvania-of-commencement-of-class-action-investigation-concerning-the-fairness-of-the-sale-of-the-company-to-wsfs-financial-corporation----300046708.html
SOURCE Levi & Korsinsky, LLP