Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Bay Bancorp, Inc. (“Bay Bancorp”) (NasdaqCM: BYBK) concerning the merger with Old Line Bancshares, Inc. (NasdaqCM: OLBK). Under the terms of the agreement, Bay Bancorp shareholders will receive a number of OLBK shares calculated by dividing $11.80 by the volume weighted average closing prices of OLBK common stock for the 20 trading days ending five trading days before the merger closes. Under certain terms of the agreement, the consideration may be as low as 0.4047 OLBK shares and as high as 0.4600 OLBK shares.
If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at firstname.lastname@example.org or by calling (888) 809-2750. There is no cost or fee to you.
The investigation centers on whether Bay Bancorp’s Board of Directors is acting in the shareholders’ best interests, whether the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction.
The Briscoe Law Firm, PLLC is a full-service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters, including claims of investor and stockholder fraud, shareholder derivative suits, and securities class actions.