InPlay - SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims
of Breaches of Fiduciary Duty by Board of Metrocorp Bancshares Inc. in
Connection With Sale of Company to East West Bancorp, Inc. -- MCBI
NEW YORK, Oct. 22, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies
investors of Metrocorp Bancshares Inc. ("Metrocorp" or the "Company")
(Nasdaq:MCBI) for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to East West Bancorp,
Inc. (Nasdaq:EWBC). A complaint was filed in Texas state court.
Click here to learn more about the investigation
http://zlk.9nl.com/metrocorp-mcbi/, or call: 877-363-5972. There is no cost or
obligation to you.
Under the terms of the transaction, Metrocorp shareholders will receive the
lesser of $14.60 per share and 1.72 times per-share tangible equity for each
share of Metrocorp stock they own. The transaction has an approximate total
value of $273 million. The claims concern whether the Metrocorp Board of
Directors breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this transaction,
and whether East West Bancorp, Inc. is underpaying for Metrocorp shares.
If you own Metrocorp common stock and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. 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, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
Press spacebar to pause and continue. Press esc to stop.