• Harwood Feffer LLP Announces Investigation of Sun Bancorp, Inc.

    July 5, 2017

    NEW YORK, July 5, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Sun Bancorp, Inc. ("Sun Bancorp" or the "Company") (NASDAQ: SNBC) concerning the proposed acquisition of the Company by OceanFirst Financial Corp. ("OceanFirst").

    Harwood Feffer LLP. (PRNewsFoto/Harwood Feffer LLP)

    Under the terms of the offer, OceanFirst would acquire Sun Bancorp in a transaction valued at approximately $487 million.  Pursuant to the deal, Sun Bancorp stockholders will receive consideration valued at approximately $25.27 per share.

    Our investigation concerns whether the Sun Bancorp board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

    If you own Sun Bancorp shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

    Benjamin I. Sachs-Michaels, Esq.

    Robert I. Harwood, Esq.
    Harwood Feffer LLP
    488 Madison Avenue
    New York, New York 10022
    Phone Numbers: (877) 935-7400
    (212)935-7400
    Email: bsachsmichaels@hfesq.com 
    Website: http://www.hfesq.com 
    Follow us on Twitter: @HarwoodFeffer 

    Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

    Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

    SOURCE Harwood Feffer LLP

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