BALA CYNWYD, Pa., March 30, 2015 /PRNewswire/ -- 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-News)
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.
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SOURCE Brodsky & Smith, LLC