NEW YORK, March 8, 2013 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Newport
Bancorp, Inc. ("Newport" or the
"Company") (NasdaqGM: NFSB) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to SI Financial Group, Inc. ("SIFI") (NasdaqGM:
SIFI).
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Click here to learn how to join the action:
http://zlk.9nl.com/newport-bancorp-nfsb/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Newport Bancorp shareholders
may elect to receive either $17.55 in
cash or 1.5129 shares of SIFI for each share of Newport Bancorp
stock they own. The investigation concerns whether the Newport
Bancorp Board of Directors breached their fiduciary duties to
Newport Bancorp stockholders by failing to adequately shop the
Company before entering into this transaction and whether SIFI is
underpaying for Newport Bancorp shares, thus unlawfully harming
Newport Bancorp stockholders.
If you own common stock in Newport Bancorp 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/newport-bancorp-nfsb/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, 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. 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: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP