NEW ORLEANS, Aug.18, 2015
/PRNewswire/ -- Former Attorney General of Louisiana Charles C.
Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC
("KSF") are investigating the proposed sale of Southcoast Financial
Corporation ("Southcoast" or the "Company") (NASDAQ: SOCB) to BNC
Bancorp (NASDAQ: BNCN). Under the terms of the proposed
transaction, shareholders of Southcoast will receive only
$13.35 in BNC common stock for each
share of Southcoast that they own. KSF is seeking to determine
whether this consideration and the process that led to it are
adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company
and/or if you would like to discuss your legal rights regarding the
proposed sale, you may, without obligation or cost to you, e-mail
or call KSF Managing Partner Lewis S. Kahn
(lewis.kahn@ksfcounsel.com) or partner Michael J. Palestina
(michael.palestina@ksfcounsel.com) toll free at any time at
855-768-1857.
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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visit:http://www.prnewswire.com/news-releases/southcoast-financial-investor-alert-by-the-former-attorney-general-of-louisiana-kahn-swick--foti-llc-investigates-adequacy-of-price-and-process-in-proposed-sale-of-southcoast-financial-corporation-300130078.html
SOURCE Kahn Swick & Foti, LLC