Business & Finance
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Business and Finance
Tue, December 20, 2011 The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Peoples
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible... -- NEW YORK, Dec. 20, 2011 /PRNewswire/ --
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Peoples Bancorporation Inc. in Connection with the Sale of the Company to SCBT Financial Corporation
NEW YORK, Dec. 20, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Peoples Bancorporation Inc. ("Peoples Bancorporation" or the "Company") (OTC: PBCE) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to SCBT Financial Corporation ("SCBT") (Nasdaq: SCBT). Under the terms of the transaction, Peoples Bancorporation shareholders will receive 0.1413 shares of SCBT stock for each Peoples Bancorporation share they own. The transaction has a total approximate value of $28.4 million.
Click here to learn how to join the action: [ http://www.zlk.com/peoples-bancorporation-pbce ], or call: 877-363-5972.
The investigation concerns whether the Peoples Bancorporation Board of Directors breached their fiduciary duties to Peoples Bancorporation stockholders by failing to adequately shop the Company before entering into this transaction and whether SCBT is underpaying for Peoples Bancorporation shares, thus unlawfully harming Peoples Bancorporation stockholders.
If you own common stock in Peoples Bancorporation and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or [ http://www.zlk.com ].
Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
[ www.zlk.com ]
SOURCE Levi & Korsinsky, LLP
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