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.
Copyright Business Wire 2015