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Kendall Law Group Investigates Whether Southcoast Financial Corporation Obtained a Fair Price in Sale to BNC Bancorp

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DALLAS--(BUSINESS WIRE)--Kendall Law Group, led by former federal Judge Joe Kendall, is investigating Southcoast Financial Corporation (NASDAQ: SOCB) and its Board of Directors on behalf of shareholders in connection with the proposed sale to BNC Bancorp. Pursuant to the terms of the agreement, Southcoast shareholders will only receive $13.35 in cash for each share of Southcoast owned. At least one analyst has valued Southcoast at $18.18/share, far greater than the sale price to BNC. The nation

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