NEW YORK, Dec. 16, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of The Community Financial Corporation ("TCFC" or the "Company") (NASDAQ: TCFC) in connection with the proposed merger of the Company with Shore Bancshares, Inc. ("Shore") (NASDAQ: SHBI).  Under the merger agreement, the Company's shareholders will receive 2.3287 shares of Shore common stock for each TCFC share, representing implied per-share consideration of $40.17 based upon Shore's December 15, 2022 closing price of $17.25.  Upon completion of the transaction, TCFC shareholders are expected to only own approximately 40% of the combined company, while Shore shareholders are expected to own approximately 60%. The transaction is valued at approximately $254.4 million.

If you own TCFC shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/tcfc 
Or please contact:
Joshua Rubin, Esq. 
Weiss Law
305 Broadway, 7^th Floor
New York, NY  10007
(212) 682-3025
(888) 593-4771
[email protected]

Weiss Law is investigating whether (i) TCFC's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the merger consideration adequately compensates TCFC's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. 

Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

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SOURCE Weiss Law