April 07, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of SWS Group, Inc. (“SWS” or the “Company”) (NYSE: SWS) breached its fiduciary duty to its shareholders in agreeing to sell SWS to Hilltop Holdings Inc. (“Hilltop”).
Under the terms of the agreement, SWS shareholders will receive 0.2496 shares of Hilltop common stock and $1.94 of cash for each share they own. The investigation is focused on the potential unfairness of the price to SWS shareholders and the process by which the SWS Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last twelve years.