Shareholder Alert: Ademi & O’Reilly, LLP Investigates whether CU Bancorp has obtained a Fair Price in its Sale to PacWest B...
06 Aprile 2017 - 4:26PM
Business Wire
Ademi & O’Reilly, LLP is investigating the Board of
Directors of CUNB (Nasdaq: CUNB) for possible breaches of fiduciary
duty and other violations of California law in connection with the
sale of CUNB to PacWest.
Click here to learn how to join the action:
http://ademilaw.com/case/cunb or call Guri Ademi toll-free at
866-264-3995. There is no cost or obligation to you.
Ademi & O’Reilly, LLP alleges CUNB’s long-term financial
outlook is improving and yet CUNB shareholders will receive the
equivalent of $39.45 per share. PacWest is well aware of CUNB’s
improving financial metrics and is purchasing CUNB at a substantial
discount. The merger agreement unreasonably limits competing bids
for CUNB by (i) prohibiting solicitation of any further bids, and
(ii) imposing a termination penalty should CUNB receive and accept
a superior bid. CUNB insiders, their affiliates and other major
shareholders own significant voting stock, and will receive
millions of dollars as part of change of control arrangements, and
therefore can unduly influence a sale of CUNB. Our investigation
centers on the conduct of CUNB’s Board of Directors, who have
unanimously approved the transaction, and whether they are (i)
fulfilling their fiduciary duties to all shareholders, and (ii)
obtaining a fair and reasonable price for CUNB given its current
financial condition and prospects.
If you own common stock in CUNB and wish to obtain additional
information, please contact Guri Ademi either at
gademi@ademilaw.com or toll-free: 866-264-3995, or
http://ademilaw.com/case/cunb.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170406005826/en/
Ademi & O’Reilly, LLPGuri AdemiToll Free: (866) 264-3995Fax:
(414) 482-8001
Grafico Azioni CU Bancorp (CA) (MM) (NASDAQ:CUNB)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni CU Bancorp (CA) (MM) (NASDAQ:CUNB)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a CU Bancorp (CA) (MM) (NASDAQ): 0 articoli recenti
Più CU Bancorp (CA) (MM) Articoli Notizie