SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of First California Financial Group, Inc. In Connection With The Sale Of The Company To PacWest Bancorp
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 email@example.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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