Avenue Financial Holdings, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Avenue Financial Holdings, Inc. (Nasdaq GS: AVNU) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Avenue Financial Holdings, Inc. (“Avenue” or the “Company”) (Nasdaq GS: AVNU) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Pinnacle Financial Partners, Inc. (“Pinnacle”) (Nasdaq GS: PNFP).

Under the terms of the agreement, shareholders of Avenue will receive 0.36 Pinnacle shares and $2.00 in cash per share.

The investigation concerns whether Avenue’s board of directors failed to adequately shop the Company and obtain the best possible value for Avenue shareholders before entering into the agreement with Pinnacle.

If you own the common stock of Avenue and purchased your shares before January 28, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, or by e-mail at

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation, and corporate governance litigation on behalf of shareholders in states and federal courts throughout the United States.

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