The site will be unavailable in 56 minutes for scheduled maintenance.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Newport Bancorp, Inc. in Connection with the Sale of the Company to SI Financial Group, Inc.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Newport Bancorp, Inc. in Connection with the Sale of the Company to SI Financial Group, Inc.

NEW YORK--(BUSINESS WIRE)-- 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).

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.



Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax: 866-367-6510
www.zlk.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2296812, ~/Articles/ArticleHandler.aspx, 8/28/2014 9:33:23 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...