NEW YORK, Aug. 18, 2015 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Southcoast
Financial Corporation stock prior to August
14, 2015.
You are hereby notified that Levi & Korsinsky, LLP
has commenced an investigation into the fairness of
the sale of Southcoast Financial Corporation (NASDAQ:
SOCB) to BNC Bancorp (NASDAQ: BNCN) for a fixed price of
$13.35 for each share of Southcoast
common stock, payable in shares of BNC common stock based upon the
20-day volume weighted average price of BNC common stock prior to
the closing of the merger subject to minimum and maximum exchange
ratios. To learn more about the investigation and your rights,
go to: http://zlk.9nl.com/southcoast-financial-socb
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities lawsuits and have recovered hundreds of millions of
dollars for aggrieved shareholders. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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
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