Law Office of Brodsky & Smith, LLC Announces Investigation of
First California Financial Group, Inc.
BALA CYNWYD, Pa., Nov. 7, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of First California
Financial Group, Inc. ("FCAL" or the "Company") (Nasdaq- FCAL-News)
relating to the proposed acquisition by PacWest Bancorp.
("PacWest").
Under the terms of the transaction, FCAL shareholders will
receive only $8.00 in PacWest stock
for each share of FCAL stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of FCAL for not acting in the
Company's shareholders' best interests in connection with the sale
process to PacWest. The transaction may undervalue the Company and
will not result in any substantial gain for many FCAL shareholders
as FCAL stock traded at $7.15 on
August 20, 2012.
If you own shares of FCAL stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/500-fcal-first-california-financial-group-inc.html,
by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC