TMCnet News
SP Bancorp Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with Green Bancorp Inc.DALLAS --(Business Wire)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of SP Bancorp, Inc. ("SP Bancorp") (NasdaqCM: SPBC) related to the merger with Green Bancorp Inc. for shareholders. Under the terms of the transaction, SP Bancorp shareholders will only receive $29.55 for each share of SP Bancorp owned. /p>
The SP Bancorp investigation centers on whether SP Bancorp's Board of Directors is acting in the shareholders' best interests, whether the board is properly considering the proposed price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction. The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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