SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of First Security Group, Inc.
April 02 2015 - 6:00PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
First Security Group, Inc. ("First Security” or "the Company")
(Nasdaq: FSGI) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Atlantic Capital Bancshares, Inc. (“Atlantic”).
Click here to learn more about the investigation
http://brodsky-smith.com/908-fsgi-first-security-group-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, First Security shareholders
will receive either only $2.35 in cash or 0.188 of a share of
Atlantic common stock for each share of First Security stock they
own. The investigation concerns whether the Board of First Security
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Atlantic is underpaying for First
Security. The transaction may undervalue First Security and will
result in loss or no real gain for many First Security
shareholders. For example, First Security stock traded at $5.87 per
share on May 10, 2013 and traded at $2.33 per share as recently as
March 19, 2015. In addition, an analyst has set a price target for
First Security stock at $2.50 per share.
If you own shares of First Security stock and wish to discuss
the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/908-fsgi-first-security-group-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/908-fsgi-first-security-group-inc.html
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