Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
RYAN & MANISKAS, LLP ANNOUNCES INVESTIGATION OF FIRST CALIFORNIA FINANCIAL GROUP, INC.
Ryan & Maniskas, LLP (
) is investigating potential claims against the board of directors of First California Financial Group, Inc. (“First California” or the “Company”) (NASDAQ: FCAL) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to PacWest Bancorp in a deal valued at approximately $231 million.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of First California. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
Under the terms of the transaction, First California shareholders will receive PacWest Bancorp stock valued at $8.00.
If you own shares of First California and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit:
. You may also email Mr. Maniskas at
. For more information about class action cases in general, please visit our website:
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.