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 SP Bancorp, Inc. ("SP Bancorp") (NasdaqCM: SPBC) related to
the merger with Green Bancorp Inc. for shareholders. Under the terms of
the transaction, SP Bancorp shareholders will only receive $29.55 for
each share of SP Bancorp owned.
The SP Bancorp investigation centers on whether SP Bancorp'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.
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.
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.
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