SWS Group, Inc. Merger Litigation (NYSE: SWS)
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of SWS Group, Inc. - SWS
BALA CYNWYD, January 13, 2013 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of SWS Group, Inc. (“SWS” or the “Company”) NYSE –SWS-News) relating to the proposed acquisition by Hilltop Holdings, Inc. (“Hilltop”).
Under the terms of the transaction, SWS shareholders will receive only $7.00 per share comprised of 50% in cash and 50% Hilltop stock for each share of SWS stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of SWS for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the Company and the investigation seeks to determine if conflicts of interest played a role in the transaction. Hilltop currently owns approximately 24% of SWS common stock and Hilltop’s Chairman is a member of the SWS board of directors.
If you own shares of SWS common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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