Cast


Home Federal Bancorp (HOME)

(NasdaqGS: HOME)

SUMMARY

 
 

INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Home Federal Bancorp, Inc. (HOME) Over the Proposed Sale of the Company to Cascade Bancorp (CACB)

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Home Federal Bancorp (“Home Federal” or the “Company”) (HOME) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Cascade Bancorp (CACB) in a cash and stock deal valued at approximately $265.7 million.  Earlier this month Home Federal announced the Company had entered into a merger agreement with Banner Corporation (BANR). The termination of this merger will cost Home Federal approximately $3 million in fees. 

The investigation focuses on whether Home Federal’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Home Federal’s shareholders. 

If you own common stock in Home Federal Bancorp and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

 
 

Request Information

 
  Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
Company:Home Federal Bancorp (HOME)
 
 
*Security code:
 
   
 
 

Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330
Email:  jmonteverde@faruqilaw.com

Send Information

If you have information regarding this case that you would
like to make available, please click here to contact us
about our investigation

Case Details