NEW YORK, Jan. 28, 2015 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of City National Corporation CYN ("CYN") in connection with the sale of the Company to Royal Bank of Canada ("RBC").
Click here to learn about the case: http://docs.wongesq.com/CYN-Info-Request-Form-579. There is no cost or obligation to you.
Under the terms of the transaction, CYN shareholders will receive $47.25 in cash and 0.7489 of RBC common shares for each share of CYN stock they own. The investigation concerns whether the Board of CYN breached their fiduciary duty to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether RBC is underpaying for CYN shares.
If you own common stock in CYN and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/CYN-Info-Request-Form-579.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-the-law-offices-of-vincent-wong-launches-an-investigation-of-the-board-of-directors-of-city-national-corporation-regarding-the-fairness-of-the-sale-of-the-company-to-royal-bank-of-canada--cyn-300027269.html
SOURCE The Law Offices of Vincent Wong
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