An investigation on behalf of investors in Select Bancorp Inc (NASDAQ:SLCT) shares over potential wrongdoing at Select Bancorp was announced and NASDAQ:SLCT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/27/2015 -- An investigation on behalf of current long-term investors in shares of Select Bancorp Inc (NASDAQ:SLCT) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Select Bancorp Inc.
Investors who purchased shares of Select Bancorp Inc (NASDAQ:SLCT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Select Bancorp officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Select Bancorp Inc reported that its Net income declined from $4.64 million in 2012 to $2.36 million in 2014. Shares of Select Bancorp Inc (NASDAQ:SLCT) declined from $7.97 per share in December 2014 to $6.33 per share on January 2015.
On May 22, 2015, NASDAQ:SLCT shares closed at $7.28 per share.
Those who purchased shares of Select Bancorp Inc (NASDAQ:SLCT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com