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| [January 29, 2013] |
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The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Somerset Hills Bancorp in Connection with the Sale of the Company to Lakeland Bancorp, Inc.
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Somerset
Hills Bancorp ("Somerset Hills" or the "Company") (NasdaqGM: SOMH) for
possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Lakeland Bancorp, Inc.
(NasdaqGS: LBAI).
Click here to learn how to join the action: http://zlk.9nl.com/somerset-hills-bancorp/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Somerset Hills shareholders may
elect to receive either 1.1962 shares of Lakeland Bancorp common stock
or $12.00 in cash for each share of Smerset Hills stock they own.
Insiders holding approximately 7.9% of Somerset Hills outstanding shares
have agreed to tender their shares. The investigation concerns whether
the Somerset Hills Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before entering
into this transaction and whether Lakeland Bancorp, Inc. is underpaying
for Somerset Hills, thus unlawfully harming Somerset Hills stockholders.
If you own common stock in Somerset Hills and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/somerset-hills-bancorp/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, 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. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as lead
counsel on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.

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