{"id":451046,"date":"2021-03-04T11:45:06","date_gmt":"2021-03-04T16:45:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451046"},"modified":"2021-03-04T11:45:06","modified_gmt":"2021-03-04T16:45:06","slug":"severn-alert-bragar-eagel-squire-p-c-investigates-sale-of-svbi-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/severn-alert-bragar-eagel-squire-p-c-investigates-sale-of-svbi-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"SEVERN ALERT: Bragar Eagel &amp; Squire, P.C. Investigates Sale of SVBI and Encourages Investors to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, March  04, 2021  (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Severn Bancorp, Inc. (NASDAQ: SVBI)\u00a0breached their fiduciary duties or violated the federal securities laws in connection with the company\u2019s acquisition by Shore Bancshares, Inc. (NASDAQ: SHBI).<\/p>\n<p align=\"justify\">Click\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=244P6yv2tw8WsDVQCd_xZpExyx7GETtz3VuMbAeix3joE_DP4Df2ZdWCYyskMpWVA_EeIY4SdNlyYIvgqRSooA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">here<\/a>\u00a0to learn more and participate in the action.<\/p>\n<p align=\"justify\">On March 3, 2021, Severn announced that it had signed an agreement to be acquired by Shore for approximately $146 million. Pursuant to the merger agreement, Severn stockholders will receive 0.6207 shares of Shore common stock and $1.59 in cash for each share of Severn common stock owned. The deal is scheduled to close in the third quarter of 2021.<\/p>\n<p align=\"justify\">Bragar Eagel &amp; Squire is concerned that Severn\u2019s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Severn\u2019s stockholders.<\/p>\n<p align=\"justify\">If you own shares of Severn and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zSO8Z57SBT3_7r3_ksyHf23HDbri1Cwubmr9Fd2BHCI60TWHO5An05eqeaVu1zuZSxP9aiknOJvnsrBGL5c7Qr8X8FsYrQEoWe0QwYiy_k4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@bespc.com<\/a>\u00a0or telephone at (646) 860-9157, or by\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kqUSh8ROVKOjuLOs4W_BKajg-4q8C196KCWziNinpegbDIxgbVJ8pYWDGpVNlTODoFTCq3ezHejsIpdz63oy9CL95JQ5C8C9RiJwOuDIykU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">filling out this contact form<\/a>. There is no cost or obligation to you.<\/p>\n<p align=\"justify\">\n        <strong>About Bragar Eagel &amp; Squire, P.C.:<\/strong><br \/>\n        <br \/>Bragar Eagel &amp; Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cYmZ0C1AFU8ky2xAc944pUU2_t0oLJiE7wsQUpGwZRev2wmZVwGtXu1nhnBruHgfcFLDIBks5xdnEoymMBSryg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.bespc.com<\/u><\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p align=\"justify\">\n        <strong>Contact Information:<\/strong><br \/>\n        <br \/>Bragar Eagel &amp; Squire, P.C.<br \/>Melissa Fortunato, Esq.<br \/>Alexandra Raymond, Esq.<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zSO8Z57SBT3_7r3_ksyHf23HDbri1Cwubmr9Fd2BHCKModH3nMqJpMMyJRreyV2gyKwOC8zYwn1esIJS23IkT0wZ-eRSXqg5EojvZQ3mf48=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@bespc.com<\/u><\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cYmZ0C1AFU8ky2xAc944pUjwTrnFQG8B8_2wkix5RMYoR5rOqFFPRBInKKLh-XeKTw96krViYXpn8_Zz90dqMQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.bespc.com<\/u><\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NDcxMiM0MDQ5MTc1IzIxMDAzOTg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/9cb11ce6-a02c-4ac8-95d8-ba6ba97bd828\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, March 04, 2021 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Severn Bancorp, Inc. (NASDAQ: SVBI)\u00a0breached their fiduciary duties or violated the federal securities laws in connection with the company\u2019s acquisition by Shore Bancshares, Inc. (NASDAQ: SHBI). Click\u00a0here\u00a0to learn more and participate in the action. On March 3, 2021, Severn announced that it had signed an agreement to be acquired by Shore for approximately $146 million. Pursuant to the merger agreement, Severn stockholders will receive 0.6207 shares of Shore common stock and $1.59 in cash for each share of Severn common stock owned. The deal is scheduled to close in the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/severn-alert-bragar-eagel-squire-p-c-investigates-sale-of-svbi-and-encourages-investors-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SEVERN ALERT: Bragar Eagel &amp; Squire, P.C. Investigates Sale of SVBI and Encourages Investors to Contact the Firm&#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-451046","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEVERN ALERT: Bragar Eagel &amp; Squire, P.C. Investigates Sale of SVBI and Encourages Investors to Contact the Firm - 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\/severn-alert-bragar-eagel-squire-p-c-investigates-sale-of-svbi-and-encourages-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEVERN ALERT: Bragar Eagel &amp; Squire, P.C. Investigates Sale of SVBI and Encourages Investors to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 04, 2021 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Severn Bancorp, Inc. (NASDAQ: SVBI)\u00a0breached their fiduciary duties or violated the federal securities laws in connection with the company\u2019s acquisition by Shore Bancshares, Inc. (NASDAQ: SHBI). Click\u00a0here\u00a0to learn more and participate in the action. On March 3, 2021, Severn announced that it had signed an agreement to be acquired by Shore for approximately $146 million. Pursuant to the merger agreement, Severn stockholders will receive 0.6207 shares of Shore common stock and $1.59 in cash for each share of Severn common stock owned. The deal is scheduled to close in the &hellip; Continue reading &quot;SEVERN ALERT: Bragar Eagel &amp; Squire, P.C. 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(NASDAQ: SVBI)\u00a0breached their fiduciary duties or violated the federal securities laws in connection with the company\u2019s acquisition by Shore Bancshares, Inc. (NASDAQ: SHBI). Click\u00a0here\u00a0to learn more and participate in the action. On March 3, 2021, Severn announced that it had signed an agreement to be acquired by Shore for approximately $146 million. Pursuant to the merger agreement, Severn stockholders will receive 0.6207 shares of Shore common stock and $1.59 in cash for each share of Severn common stock owned. The deal is scheduled to close in the &hellip; Continue reading \"SEVERN ALERT: Bragar Eagel &amp; Squire, P.C. 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