NEW YORK, Aug. 19, 2015 /PRNewswire/ -- Securities
lawyers at Dunnam & Dunnam are investigating the board of
Southcoast Financial Corporation (NASDAQ: SOCB) in connection with
a buyout for only $13.35 per share.
Concerned SOCB investors are encouraged to contact attorney
Hamilton Lindley by clicking here.
The investigation focuses upon the shareholder value of the
transaction. "An analyst targeted the price of the stock at
$18.18 per share, making this
transaction appear undervalued," said securities lawyer Hamilton
Lindley. "Our potential shareholder lawsuit will seek to ensure
Southcoast Financial Corporation shareholders receive the highest
price reasonably available for their stock and that all relevant
information is disclosed."
Dunnam & Dunnam has significant experience representing
shareholders in securities lawsuits nationwide. SOCB stockholders –
or anyone with knowledge about this situation – should contact
lawyer Hamilton Lindley at hlindley@dunnamlaw.com with questions,
toll free at (844) 702-2990 or visit
http://www.dunnamlaw.com/SOCB.
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SOURCE Dunnam & Dunnam