Somerset Hills Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Lakeland Bancorp

  Somerset Hills Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP
  Investigate Sale to Lakeland Bancorp

Business Wire

DALLAS -- January 30, 2013

Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of Somerset Hills Bancorp (“Somerset”) (NasdaqGM: SOMH)
to Lakeland Bancorp, Inc. for shareholders. Under the terms of the proposed
deal valued at approximately $64.4 million in the aggregate, Somerset
shareholders will be entitled to receive either 1.1962 shares of Lakeland
Bancorp common stock or $12.00 in cash, subject to proration so that 90% of
the merger consideration will be shares of Lakeland Bancorp stock.

If you are an affected investor, and you want to learn more about the lawsuit
or join the action, please contact Willie Briscoe at The Briscoe Law Firm,
PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach
Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
zach@powerstaylor.com. There is no cost or fee to you.

The Somerset sale investigation centers on whether Somerset’s shareholders are
receiving adequate compensation for their shares in the buyout, whether the
transaction undervalues Somerset’s stock, and whether Somerset’s board
attempted to obtain the highest share price for all shareholders prior to
agreeing to the deal. According to shareholder rights attorney Willie Briscoe,
“due to the proposed sale price, the significant holdings of Somerset and
other factors, we believe this transaction may undervalue Somerset’s stock.
Our proposed lawsuit will seek to obtain the highest share price for all
shareholders.”

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.

Contact:

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com
 
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