WSB Holdings Investor Alert: Briscoe Law Firm & Powers Taylor, LLP Investigate WSB Holdings, Inc. Sale to Old Line Bancshares...
September 20 2012 - 1:00PM
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 WSB Holdings, Inc. (“WSB”)
(NASDAQ: WSB) to Old Line Bancshares for shareholders. Under the
proposed transaction, WSB shareholders will receive only $6.12 in
cash and stock for each share of WSB stock owned in a deal valued
at approximately $49 million.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The investigation centers on whether WSB shareholders are
receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues WSB stock, and whether WSB’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 size of the
deal, we believe that the transaction may undervalue WSB stock. Our
lawsuit will seek to obtain the highest share price for all
shareholders.”
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.
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