Halper Sadeh LLC, an investor rights law firm, is investigating the sale of First Reliance Bancshares, Inc. (OTCQX: FSRL) to Colony Bankcorp, Inc. for either $19.75 in cash or 0.94 of a share of Colony’s common stock in exchange for each share of First Reliance common stock.
Halper Sadeh encourages First Reliance shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
The investigation concerns whether First Reliance and its board of directors violated the federal securities laws and/or breached their fiduciary duties by failing to: (1) obtain the best possible price for First Reliance shareholders; (2) conduct a fair sales process free of any conflicts of interests; and (3) disclose all material information for First Reliance shareholders to evaluate the transaction.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260625776133/en/
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