Carolina Financial Corporation
(NASDAQ GS: CARO)
Attention investors who purchased shares of Carolina Financial Corporation before November 18, 2019:
Rigrodsky & Long is investigating potential claims against the board of directors of Carolina Financial Corporation concerning possible breaches of fiduciary duty and other violations of law related to the Company’s agreement to merge with United Bankshares, Inc.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors Carolina Financial Corporation (“Carolina Financial” or the “Company”) (NASDAQ GS: CARO) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with United Bankshares, Inc. (“United”) (NASDAQ GS: UBSI) in a transaction valued at approximately $1.1 billion. Under the terms of the agreement, shareholders of Carolina Financial will receive 1.13 shares of United common stock for each share of Carolina Financial they own.
If you own common stock of Carolina Financial and purchased any shares before November 18, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at firstname.lastname@example.org, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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