Harwood Feffer LLP Announces Investigation of First Security Group, Inc.

NEW YORK, March 30, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of First Security Group, Inc. ("First Security" or the "Company") (NASDAQ: FSGI) concerning the proposed acquisition of the Company by Atlantic Capital Bancshares, Inc. ("Atlantic Capital").      

Under the terms of the transaction, Atlantic Capital would purchase First Security in a transaction valued at approximately $160 million.  First Security shareholders would receive the election of $2.35 in cash, 0.188 shares of Atlantic Capital common stock, or a combination thereof. 

Our investigation concerns whether the First Security 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 First Security 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.

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SOURCE Harwood Feffer LLP