Select Bancorp Inc (NASDAQ:SLCT) Investor Investigation Announced

If you purchased shares of Select Bancorp Inc (NASDAQ:SLCT), you have certain options and you should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Select Bancorp
Affected Securities: 

May 19, 2015 (Shareholders Foundation) - 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. 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 Decmeber 2014 to $6.33 per share on January 2015.