SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of WSB...

NEW YORK, Sept. 11, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of WSB Holdings, Inc. ("WSB" or the "Company") (Nasdaq: WSB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Old Line Bancshares, Inc. ("Old Line") (Nasdaq: OLBK).

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Click here to learn more about the investigation: http://zlk.9nl.com/wsb, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, WSB shareholders will receive approximately $6.12 per share in cash and stock. The transaction has a total approximate value of $49 million. The investigation concerns whether the WSB Board of Directors breached their fiduciary duties to WSB stockholders by failing to adequately shop the Company before entering into this transaction and whether Old Line is underpaying for WSB shares, thus unlawfully harming WSB stockholders. In particular, the Company has reported a book value of $6.90 per share, for the most recent quarter.

If you own common stock in WSB and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [e-mail] or by telephone at [phone], toll-free: [phone], or visit : http://zlk.9nl.com/wsb. 

Levi & Korsinsky is a national firm with offices in New York 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.

CONTACT:   

Levi & Korsinsky, LLP

Joseph Levi, Esq.

Eduard Korsinsky, Esq.

30 Broad Street - 24th Floor

New York, NY 10004           

Tel: [phone]

Toll Free:  [phone]

Fax: [phone]

www.zlk.com

 

SOURCE Levi & Korsinsky, LLP

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