|[May 12, 2014]
1st United Bancorp Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Proposed Sale to Valley National Bancorp
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of 1st United Bancorp ("1st United")
(NasdaqGS: FUBC) related to the proposed sale to Valley National Bancorp
for shareholders. Under the terms of the transaction, valued at
approximately $312 million, 1st United shareholders will only
receive 0.89 of a share of Valley National Bancorp for each 1s
United share owned. However, this consideration is dependent on Valley
National Bancorp's average stock price staying between $8.09 and $12.13
prior to closing.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at email@example.com.
There is no cost or fee to you.
The 1st United investigation centers on whether 1st
United's Board of Directors is acting in the shareholders' best
interests, whether the board is properly considering the proposed price
for the shareholders, and whether the board has employed an adequate
process to review and act on the proposed transaction.
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.
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