Law Office of Brodsky & Smith, LLC Announces Investigation of
White River Capital, Inc.
BALA CYNWYD, Pa., Nov. 16, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of White River
Capital, Inc. ("White River" or the "Company") (NYSE- RVR) relating
to the proposed acquisition by Parthenon Capital Partners
("Parthenon").
Under the terms of the transaction, White River shareholders
will receive only $21.93 in cash for
each share of White River stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of White River for not
acting in the Company's shareholders' best interests in connection
with the sale process to Parthenon. The transaction may undervalue
the Company and will result in no substantial gain or even a loss
for many White River shareholders. For example White River stock
traded at $26.50 on December 5, 2011 and $22.94 as recently as October 12, 2012.
If you own shares of White River stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/507-rvr-white-river-capital-inc.html, by
calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC