BALA CYNWYD, PA / ACCESSWIRE / December 14, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of TCF Financial Corporation ("TCF" or the "Company") (NASDAQ:TCF) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Huntington Bancshares Incorporated ("Huntington") (NASDAQ:HBAN). Under the terms of the agreement, TCF shareholders will receive 3.0028 shares of Huntington stock for each share of TCF common stock they hold, implying a total consideration of $38.82 based on Huntington's December 11, 2020 closing price of $12.93.

The investigation concerns whether the TCF Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Huntington is paying too little for the Company. For example, the deal consideration is well below the 52-week high of $47.46 for TCF shares.

If you own shares of TCF stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/tcf-financial-corporation-nasdaq-tcf/, or call toll free 855-576-4847.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

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