1st United Bancorp Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Investigate Proposed Sale to Val...
12 Maggio 2014 - 8:02PM
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 1st United Bancorp (“1st United”) (NasdaqGS: FUBC)
related to the proposed sale to Valley National Bancorp for
shareholders. Under the terms of the transaction, valued at
approximately $312 million, 1st United shareholders will only
receive 0.89 of a share of Valley National Bancorp for each 1st
United share owned. However, this consideration is dependent on
Valley National Bancorp’s average stock price staying between $8.09
and $12.13 prior to closing.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Willie Briscoe at The
Briscoe Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor
LLP, toll free (877) 728-9607, via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.
The 1st United investigation centers on whether 1st United’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.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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