NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Baylake Corp. (“Baylake” or the “Company”) (NASDAQ: BYLK) for potential breaches of fiduciary duties in connection with the sale of the Company to Nicolet Bankshares, Inc. for approximately $141 million. The Company’s stockholders will only receive 0.4517 shares of Nicolet common stock for each share of Baylake common stock held plus