NEW YORK, April 12, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of San Diego Trust Bank ("San Diego Trust" or the "Company") (OTC: SDBK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Pacific Premier Bancorp, Inc. (Nasdaq: PPBI).
Click here to learn more about the investigation http://zlk.9nl.com/san-diego-trust-bank-sdbk , or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, San Diego Trust shareholders may elect to receive $13.41 or 1.114 shares of Pacific Premier Bancorp, Inc. common stock for each share of San Diego Trust stock they own, or a combination of cash and stock. The investigation concerns whether the Board of Directors of San Diego Trust breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Pacific Premier Bancorp, Inc. is underpaying for San Diego Trust stock, thus unlawfully harming San Diego Trust stockholders.If you own common stock in San Diego Bank 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/san-diego-trust-bank-sdbk . Levi & Korsinsky is a national firm with offices in New York, New Jersey 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. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP