The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Encore...
06 Mars 2012 - 6:43PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Encore Bancshares, Inc. (“Encore” or the “Company”) (Nasdaq: EBTX)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Cadence
Bancorp, LLC. Under the terms of the agreement, Encore shareholders
will receive $20.62 for each share of Encore stock they own. The
transaction has a total approximate value of $250 million.
Click here to learn how to join the action:
http://www.zlk.com/encore-bancshares-ebtx, or call: 877-363-5972.
There is no cost or obligation to you.
The investigation concerns whether the Encore Board of Directors
breached their fiduciary duties to Encore stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Cadence Bancorp, LLC is underpaying for
Encore shares, thus unlawfully harming Encore stockholders.
If you own common stock in Encore 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, http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard
Korsinsky, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel:
(212) 363-7500Toll Free: (877) 363-5972Fax: (212)
363-7171www.zlk.com
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