NEW YORK, March 9, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Encore
Bancshares, Inc. ("Encore" or the "Company") (Nasdaq: EBTX) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Cadence Bancorp,
LLC. Under the terms of the agreement, Encore
shareholders will receive $20.62 for
each share of Encore stock they own. The transaction has a
total approximate value of $250
million.
Click here to learn how to join the action:
http://www.zlk.com/encore-bancshares-ebtx, or call: 877-363-5972.
There is no cost or obligation to you.
The investigation concerns whether the Encore Board of Directors
breached their fiduciary duties to Encore stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Cadence Bancorp, LLC is underpaying for
Encore shares, thus unlawfully harming Encore
stockholders.
If you own common stock in Encore and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP