LEVI & KORSINSKY, LLP Notifies Investors of METROCORP BANCSHARES INC. Claims of
Breaches of Fiduciary Duty by Board of the Company in
Connection With Sale of Company to East West Bancorp, Inc.
NEW YORK, NY -- (Marketwired) -- 10/29/13 -- 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 case
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 http://zlk.9nl.com/metrocorp-mcbi/.
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.
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
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