DALLAS -- (Business Wire)
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of Somerset Hills Bancorp
(“Somerset”) (NasdaqGM: SOMH) to Lakeland Bancorp, Inc. for
shareholders. Under the terms of the proposed deal valued at
approximately $64.4 million in the aggregate, Somerset shareholders will
be entitled to receive either 1.1962 shares of Lakeland Bancorp common
stock or $12.00 in cash, subject to proration so that 90% of the merger
consideration will be shares of Lakeland Bancorp stock.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The Somerset sale investigation centers on whether Somerset’s
shareholders are receiving adequate compensation for their shares in the
buyout, whether the transaction undervalues Somerset’s stock, and
whether Somerset’s board attempted to obtain the highest share price for
all shareholders prior to agreeing to the deal. According to shareholder
rights attorney Willie Briscoe, “due to the proposed sale price, the
significant holdings of Somerset and other factors, we believe this
transaction may undervalue Somerset’s stock. Our proposed lawsuit will
seek to obtain the highest share price for all shareholders.”
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.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Zach Groover, 877-728-9607
Source: Powers Taylor, LLP
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