First California Financial Group, Inc. Shareholder Alert: Bernstein
Liebhard LLP Announces Investigation of Acquisition by PacWest
Bancorp
NEW YORK, Nov. 7, 2012 /PRNewswire/ -- Bernstein
Liebhard LLP is investigating whether the Board of Directors of
First California Financial Group, Inc. ("First California" or the
"Company") (NASDAQ: FCAL) breached its fiduciary duty to its
shareholders in agreeing to sell First California to PacWest
Bancorp (NASDAQ: PACW).
(Logo: http://photos.prnewswire.com/prnh/20120202/MM47134LOGO
)
Under the terms of the agreement, First California shareholders
will receive $8.00 per First
California common share, payable in PacWest Bancorp common
stock. The investigation is focused on the potential
unfairness of the price to First California shareholders and the
process by which the First California Board of Directors considered
and approved the transaction.
If you are interested in discussing your rights as a First
California stockholder, with no obligation or cost to you, please
contact U. Seth Ottensoser at:
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(877)
779-1414
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or
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Ottensoser@bernlieb.com.
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Bernstein Liebhard LLP has pursued hundreds of securities,
consumer and shareholder rights cases and recovered over
$3 billion for its clients. It
has been named to The National Law Journal's "Plaintiffs'
Hot List" in each of the last ten years.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2012 Bernstein Liebhard LLP. The
law firm responsible for this advertisement is Bernstein Liebhard
LLP, 10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for
this advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
SOURCE Bernstein Liebhard LLP