Shareholder Alert: Levi & Korsinsky, LLP Launches an Investigation into the Board of American Community Bancorp by kalai7

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									Shareholder Alert: Levi & Korsinsky, LLP Launches an Investigation into
the Board of American Community Bancorp

Levi & Korsinsky is investigating the Board of Directors of American
Community Bancorp, Inc. for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell the
Company to German American Bancorp, Inc.

New York, NY, October 06, 2010 -- Levi & Korsinsky is investigating the
Board of Directors of American Community Bancorp, Inc. (“American
Community” or the “Company”) (OTCBB: ACBP) for possible breaches of
fiduciary duty and other violations of state law in connection with their
attempt to sell the Company to German American Bancorp, Inc. (“German
American”) (NasdaqGS: GABC). Under the terms of the transaction, American
Community common shareholders will receive 0.725 shares of German
American common stock and $2.00 in cash for each share of American
Community stock they own. Based upon the closing price of German
American's common shares on October 4, 2010 ($16.70), the transaction
values American Community stock at approximately $14.11 per share with a
total transaction value of approximately $27.9 million. Click here to
learn how to join the action: http://www.zlk.com/americancomm-acbp.html,
or call: 877-363-5972.

The investigation concerns whether the American Community Board of
Directors breached their fiduciary duties to American Community
stockholders by failing to adequately shop the Company before entering
into this transaction and whether German American is underpaying for
American Community shares, thus unlawfully harming American Community
stockholders.

If you own common stock in American Community 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 visit http://www.zlk.com/americancomm-acbp.html.

Levi & Korsinsky has expertise in prosecuting investor securities
litigation and extensive experience in actions 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.

Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky,
Esq., 30 Broad Street - 15th Floor, New York, NY 10004
Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171,
www.zlk.com

Contact:
Jared Morine
Levi & Korsinsky, LLP
30 Broad Street, 15th Floor
New York, NY 10004
212-363-7500
jmorine@zlk.com
http://www.zlk.com

								
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