SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Fir...
08 11월 2012 - 1:50AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
First California Financial Group, Inc. (“First California” or the
“Company”) (Nasdaq: FCAL) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to PacWest Bancorp (Nasdaq: PACW).
Click here to learn more about the investigation:
http://zlk.9nl.com/first-california-financial-fcal, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, First California
shareholders will receive PacWest Bancorp stock valued at $8.00.
Shareholders representing approximately 22% of the Company’s
outstanding stock have agreed to tender their shares. The
investigation concerns whether the First California Board of
Directors breached their fiduciary duties to stockholders by
failing to adequately shop the Company before entering into this
transaction and whether PacWest Bancorp is underpaying for First
California shares, thus unlawfully harming First California
stockholders.
If you own common stock in First California and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/first-california-financial-fcal.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
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