NEW YORK, Nov. 12, 2013 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Metrocorp Bancshares Inc. (MCBI) ("Metrocorp") regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to East West Bancorp, Inc. (EWBC).
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Under the terms of the transaction, Metrocorp shareholders will receive the lesser of $14.60 per share and 1.72 times per-share tangible equity for each share of Metrocorp stock they own. The investigation concerns whether the Metrocorp Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company to obtain the best possible value for Metrocorp shareholders.
If you own common stock in Metrocorp and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://wongesq.9nl.me/metrocorp-bancshares-mcbi/.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
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