9-12-13 2:38 PM EDT | Email Article

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating the acquisition of Tower Financial Corporation (“Tower”) (NasdaqGM: TOFC) by Old National Bancorp for shareholders. Under the terms of the proposed sale, valued at approximately $108 million, Tower shareholders will only receive 1.20 shares of Old National Bancorp and $6.75 in cash for each share of Tower stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor LLP, toll free (877) 728-9607 or via e-mail at shareholder@powerstaylor.com. There is no cost or fee to you.

The investigation into the Tower sale is focused on whether shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction properly values Tower stock, and whether Tower’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor LLP
Zach Groover, 877-728-9607
shareholder@powerstaylor.com

Copyright Business Wire 2013
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Morningstar - - Tower Financial Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Acquisition by Old National Bancorp
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