Harwood Feffer LLP Announces Investigation of Sun Bancorp, Inc.

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").

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.

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SOURCE Harwood Feffer LLP