January 27, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of VantageSouth Bancshares, Inc. (“VantageSouth” or the “Company”) (NYSE MKT: VSB) breached its fiduciary duty to its shareholders in agreeing to merge VantageSouth with Yadkin Financial Corporation (NASDAQ: YDKN).
Under the terms of the agreement, VantageSouth shareholders will receive 0.3125 shares of Yadkin Financial Corporation common stock for each share they own. The investigation is focused on the potential unfairness of the price to VantageSouth shareholders and the process by which the VantageSouth 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 eleven years.