(MENAFN- PR Newswire) NEW YORK, June 4, 2021 /PRNewswire/ -- , founder and managing partner at , a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Select Bancorp, Inc. ("SLCT" or the "Company") (NASDAQ: ) relating to its proposed merger with First Bancorp (NYSE: ). Under the terms of the agreement, SLCT shareholders will receive 0.408 shares of FBP per share they own.
The investigation focuses on whether Select Bancorp, Inc. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.
Click here for more information: . It is free and there is no cost or obligation to you.
About Monteverde & Associates PC
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018-2020 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2020 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, over the years the firm has recovered or secured over a dozen cash common funds for shareholders in mergers & acquisitions class action cases.
If you owned common stock in the Company and wish to obtain additional information and protect your investments free of charge, please visit our or contact Juan E. Monteverde, Esq. either via e-mail at or by telephone at (212) 971-1341.
Contact:Juan E. Monteverde, Esq.MONTEVERDE & ASSOCIATES PC The Empire State Building 350 Fifth Ave. Suite 4405New York, NY 10118United States of America Tel: (212) 971-1341
Attorney Advertising. (C) 2021 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC ( ). Prior results do not guarantee a similar outcome with respect to any future matter.
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