BALA CYNWYD, Pa., Sept. 19, 2013 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Metrocorp
Bancshares, Inc. ("Metrocorp" or the "Company") (Nasdaq: MCBI)
relating to the proposed acquisition by East West Bancorp, Inc.
Click here to learn more about the investigation
http://brodsky-smith.com/642-mcbi-metrocorp-bancshares-inc.html, or
call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Metrocorp shareholders will
receive only the lesser amount of $14.60 per share and 1.72 times per-share
tangible equity for each share of Metrocorp stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of
Metrocorp for not acting in the Company's shareholders' best
interests in connection with the sale process. The investigation
seeks to determine if Metrocorp's Board of Directors failed to
conduct an adequate auction process and as a result harmed
Metrocorp's shareholders by undervaluing their Company.
If you own shares of Metrocorp common stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/642-mcbi-metrocorp-bancshares-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC