NEW YORK, March 5, 2021 / PRNewswire / –
Juan Monteverde, Founder and Managing Partner at Monteverde & Associates PC, a nationally-rated securities firm Top 50 in the 2018 and 2019 report on class action services ISS Securities and headquartered in the Empire State Building in New York City, investigation Severn Bancorp, Inc. (“SVBI” or “the Company”) (SVBI) relating to its proposed acquisition by Shore Bancshares, Inc. Under the terms of the agreement, SVBI shareholders will receive 0.6207 ordinary shares of Shore Bancshares and $ 1.59 in cash per share they own.
The investigation focuses on whether Severn Bancorp, Inc. and its board of directors violated securities laws and / or breached their fiduciary duties to the company by 1) failing to conduct a fair process and 2) whether the transaction is properly valued.
Click here for more information: http://monteverdelaw.com/case/severn-bancorp-inc. It’s free and at no cost or obligation for you.
About Monteverde & Associates PC
We are a national securities litigation class action law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We have been listed in the Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report. Our attorneys have significant experience in M&A litigation and securities class actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of lawyers in a particular area. He was also selected by Martindale-Hubbell as the best lawyer 2017-2019. Recent successes of our firm include the law change in a significant victory that lowered the liability standard under Section 14 (e) of the Foreign Exchange Act in the Ninth Circuit. Subsequently, our firm managed to preserve this victory by obtaining the rejection of a writ of certiorari, inadvertently granted by the Supreme Court of the United States. Emulex Corp. c. Varjabedian, 139 S. Ct. 1407 (2019). Additionally, in 2019, we recovered or secured six shareholder treasury mutual funds in M&A class action cases.
If you own Severn Bancorp, Inc. common stock and want additional information and protect your investments for free, please visit our website or contact Juan E. Monteverde, Esq. either by e-mail to [email protected] or by phone at (212) 971-1341.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The empire state building
350 Fifth Ave. office 4405
New York, NY 10118
the United States of America
Phone: (212) 971-1341
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