NEW YORK, June 5, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Beacon Federal
Bancorp, Inc. ("Beacon" or the "Company") (Nasdaq: BFED) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Berkshire Hills
Bancorp, Inc. ("Berkshire")
(Nasdaq: BHLB).
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Click here to learn how to join the action:
http://zlk.9nl.com/beacon-federal-bancorp-bfed, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Beacon shareholders will
receive either 0.92 of a Berkshire
share or $20.50 per Beacon share they
own. The transaction has a total approximate value of
$132 million. The investigation
concerns whether the Beacon Board of Directors breached their
fiduciary duties to Beacon stockholders by failing to adequately
shop the Company before entering into this transaction and whether
Berkshire is underpaying for
Beacon shares, thus unlawfully harming Beacon stockholders.
If you own common stock in Beacon 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
http://zlk.9nl.com/beacon-federal-bancorp-bfed.
Levi & Korsinsky is a national firm with offices in
New York and Washington D.C.
The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
The attorneys at Levi & Korsinsky have been appointed by
numerous courts throughout the country to serve as lead counsel on
behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:
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: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP