STEVENSON, Md.--(BUSINESS WIRE)--
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of SP Bancorp, Inc. (“SP” or the “Company”) (SPBC) and other violations of state law by the board of directors of SP relating to the proposed sale of the Company by Green Bancorp, Inc. (“Green”).
Under the terms of the transaction, SP shareholders will receive $29.55 for each share of SP stock they own. The firm’s investigation seeks to determine, among other things, whether the Company’s board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Green is underpaying for SP shares.
If you currently own common stock of SP and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616. Attorneys at Brower Piven together have more than a century of experience litigating securities and other class action cases.
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Charles J. Piven
1925 Old Valley Road
Stevenson, Maryland 21153