NEW ORLEANS, Jan. 19, 2015 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Manhattan Bancorp ("MNHN" or the "Company") (OTCBB: MNHN) to Plaza Bancorp (OTCBB: PLZB). Under the terms of the proposed transaction, shareholders of MNHN will receive only $5.59 in cash or 1.1996 shares of Plaza Bancorp stock (subject to the overall requirement that no more than 3,792,247 shares of MNHN common stock may receive the cash consideration) for each share of MNHN common stock that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) or associate Michael J. Palestina ([email protected]) toll free at any time at 855-768-1857.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC