The Law Firm of Levi & Korsinsky, LLP Announces Investigation of CKF Bancorp, Inc.

NEW YORK--(BUSINESS WIRE)--

Levi & Korsinsky is investigating the Board of Directors of CKF Bancorp, Inc. (“CKF” or the “Company”) CKFB for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kentucky First Federal Bancorp (“Kentucky First”). Under the terms of the transaction, CKF shareholders may elect to receive $9.50 in cash for each share of CKF stock they own, or a number of shares of Kentucky First Common Stock as determined by an agreed upon exchange ratio, or a combination of the cash consideration for 40% of the shares held and the stock consideration for 60% of the shares held.

Click here to learn how to join the action: http://www.zlk.com/ckf-bancorp-ckfb, or call: 877-363-5972.

The investigation concerns whether the CKF Board of Directors breached their fiduciary duties to CKF stockholders by failing to adequately shop the Company before entering into this transaction and whether Kentucky First is underpaying for CKF shares, thus unlawfully harming CKF stockholders. In particular, CKF announced a book value for the most recent quarter of $11.49 per share.

If you own common stock in CKF 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://www.zlk.com.

Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.