{"id":392048,"date":"2020-12-02T13:48:41","date_gmt":"2020-12-02T18:48:41","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392048"},"modified":"2020-12-02T13:48:41","modified_gmt":"2020-12-02T18:48:41","slug":"shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\/","title":{"rendered":"SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Dec. 2, 2020<\/span> \/PRNewswire\/ &#8212;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/743985\/WeissLaw_Logo_Stacked_LowerCase_color_2_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/743985\/WeissLaw_Logo_Stacked_LowerCase_color_2_Logo.jpg\" title=\"WeissLaw LLP (PRNewsfoto\/WeissLaw LLP)\" alt=\"WeissLaw LLP (PRNewsfoto\/WeissLaw LLP)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p class=\"prntac\">\n        <b><br \/>\n          <u>If you own shares in any of the companies listed above and <br \/>would like to discuss our investigations or have any questions concerning <br \/>this notice or your rights or interests, please contact:<\/u><br \/>\n        <\/b>\n      <\/p>\n<p class=\"prntac\">\n        <b><br \/>\n          <span class=\"xn-person\">Joshua Rubin, Esq.<\/span><br \/>\n          <br \/>\n        <\/b>WeissLaw LLP<br \/>1500 Broadway, 16<sup>th<\/sup> Floor<br \/><span class=\"xn-location\">New York<\/span>, NY\u00a0 10036<br \/><b>(212)\u00a0682-3025<br \/><\/b><b>(888) 593-4771<br \/><u><a target=\"_blank\" href=\"mailto:stockinfo@weisslawllp.com\" rel=\"nofollow noopener noreferrer\">stockinfo@weisslawllp.com<\/a><\/u><\/b><\/p>\n<p>\n        <b>Duff &amp; Phelps Utility and Corporate Bond Trust Inc.\u00a0<\/b>(NYSE: DUC)<\/p>\n<p>WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of\u00a0<b>Duff &amp; Phelps Utility and Corporate Bond Trust Inc.<\/b><b>\u00a0(NYSE: DUC)<\/b>\u00a0in connection with the company&#8217;s proposed merger with DNP Select Income Fund Inc. (&#8220;DNP&#8221;).\u00a0 Under the terms of the merger agreement, DUC will merge into DNP, with DNP as the surviving company of the merger.\u00a0 The combined fund will retain DNP&#8217;s name and will continue to trade on the New York Stock Exchange under DNP&#8217;s ticker symbol.\u00a0 If you own DUC shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2999317-2&amp;h=2448806354&amp;u=https%3A%2F%2Fwww.weisslawllp.com%2Fduc%2F&amp;a=https%3A%2F%2Fwww.weisslawllp.com%2Fduc%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/www.weisslawllp.com\/duc\/<\/a><\/u>\u00a0<\/p>\n<p>\n        <b>CIT Group Inc. <\/b>(NASDAQ: CIT)<\/p>\n<p>WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of <b>CIT Group Inc. (NASDAQ: CIT)<\/b>\u00a0in connection with the proposed acquisition of the company by First Citizens BancShares, Inc. (&#8220;FCNCA&#8221;).\u00a0 Under the terms of the agreement, CIT shareholders will receive 0.0620 shares of FCNCA common stock for each share of CIT common stock that they own, representing implied per-share merger consideration of <span class=\"xn-money\">$32.77<\/span> based upon FCNCA&#8217;s <span class=\"xn-chron\">November 30, 2020<\/span> closing price of <span class=\"xn-money\">$528.59<\/span>.\u00a0 If you own CIT shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2999317-2&amp;h=3938363039&amp;u=https%3A%2F%2Fweisslawllp.com%2Fcit%2F&amp;a=https%3A%2F%2Fweisslawllp.com%2Fcit%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/weisslawllp.com\/cit\/<\/a>\u00a0 \u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC09865&amp;sd=2020-12-02\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations-301185031.html\">http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations-301185031.html<\/a><\/p>\n<p>SOURCE  WeissLaw LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC09865&amp;Transmission_Id=202012021345PR_NEWS_USPR_____DC09865&amp;DateId=20201202\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, Dec. 2, 2020 \/PRNewswire\/ &#8212; If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP1500 Broadway, 16th FloorNew York, NY\u00a0 10036(212)\u00a0682-3025(888) 593-4771stockinfo@weisslawllp.com Duff &amp; Phelps Utility and Corporate Bond Trust Inc.\u00a0(NYSE: DUC) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of\u00a0Duff &amp; Phelps Utility and Corporate Bond Trust Inc.\u00a0(NYSE: DUC)\u00a0in connection with the company&#8217;s proposed merger with DNP Select Income Fund Inc. (&#8220;DNP&#8221;).\u00a0 Under the terms of the merger agreement, DUC will merge into DNP, with DNP as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392048","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Dec. 2, 2020 \/PRNewswire\/ &#8212; If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP1500 Broadway, 16th FloorNew York, NY\u00a0 10036(212)\u00a0682-3025(888) 593-4771stockinfo@weisslawllp.com Duff &amp; Phelps Utility and Corporate Bond Trust Inc.\u00a0(NYSE: DUC) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of\u00a0Duff &amp; Phelps Utility and Corporate Bond Trust Inc.\u00a0(NYSE: DUC)\u00a0in connection with the company&#8217;s proposed merger with DNP Select Income Fund Inc. (&#8220;DNP&#8221;).\u00a0 Under the terms of the merger agreement, DUC will merge into DNP, with DNP as &hellip; Continue reading &quot;SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T18:48:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/743985\/WeissLaw_Logo_Stacked_LowerCase_color_2_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations\",\"datePublished\":\"2020-12-02T18:48:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\\\/\"},\"wordCount\":331,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/743985\\\/WeissLaw_Logo_Stacked_LowerCase_color_2_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\\\/\",\"name\":\"SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations - 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WeissLaw LLP1500 Broadway, 16th FloorNew York, NY\u00a0 10036(212)\u00a0682-3025(888) 593-4771stockinfo@weisslawllp.com Duff &amp; Phelps Utility and Corporate Bond Trust Inc.\u00a0(NYSE: DUC) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of\u00a0Duff &amp; Phelps Utility and Corporate Bond Trust Inc.\u00a0(NYSE: DUC)\u00a0in connection with the company&#8217;s proposed merger with DNP Select Income Fund Inc. (&#8220;DNP&#8221;).\u00a0 Under the terms of the merger agreement, DUC will merge into DNP, with DNP as &hellip; Continue reading \"SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-02T18:48:41+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/743985\/WeissLaw_Logo_Stacked_LowerCase_color_2_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations","datePublished":"2020-12-02T18:48:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\/"},"wordCount":331,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/743985\/WeissLaw_Logo_Stacked_LowerCase_color_2_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-reminds-duc-and-cit-shareholders-about-its-ongoing-investigations\/","name":"SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations - 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