PRESS RELEASE: CHICAGO—Salas Wang LLC, a national securities firm located in Chicago, is investigating the Board of Directors of MetroCorp Bancshares (“MCBI” or the “Company”) (NASDAQ: MCBI) for potential breaches of fiduciary duties in selling the Company to East West Bankcorp in a cash and stock deal that values MCBI at less than $14.60 per share.
More specifically, the investigation is to determine if MetroCorp’s Board of Directors breached their fiduciary duties to the Company’s stockholders by not conducting an adequate and fair sales process before approving the proposed transaction, and if this proposed transaction undervalues the Company, causing damage to MetroCorp’s shareholders. To learn more, you can visit http://www.salaswang.com/topics/investigations/metrocorp-bancshares-shareholder-investigation/
Salas Wang LLC is a law firm that represents investors and individuals in all types of securities litigation and arbitration.
If you own common stock in MetroCorp Bancshares and wish to obtain additional information and your options going forward, please visit us at www.salaswang.com or contact firm partner Jeffrey M. Salas by e-mail at email@example.com or by telephone at (312) 803-4963.
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