NYSE
YDKN

Yadkin Financial Corporation

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Yadkin Financial Corporation (NYSE: YDKN) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Yadkin Financial Corporation (“Yadkin” or the “Company”) (NYSE: YDKN) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by F.N.B. Corporation (“FNB”) (NYSE: FNB), in a transaction valued at approximately $1.4 billion.

Under the terms of the agreement, shareholders of Yadkin will receive 2.16 shares of FNB common stock for each share of Yadkin common stock they own.  Based on FNB’s closing stock price on July 20, 2016, Yadkin shareholders would have received compensation valued at approximately $28.51 per share.

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

If you own the common stock of Yadkin and purchased your shares before July 21, 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; by e-mail to info@rl-legal.com.

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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