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The Law Office of Robbins Umeda LLP Announces an Investigation of the Definitive Merger Agreement Between Sterling Bancshares a

^{Published on 2011-01-18 11:00:20 - Market Wire}
 

SAN DIEGO--([ BUSINESS WIRE ])--[ Robbins Umeda LLP ] has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Sterling Bancshares, Inc. (NASDAQ: SBIB) in connection with their efforts to sell the company to Comerica, Inc. (NYSE: CMA). If the transaction is completed, Sterling shareholders will receive 0.2365 shares of common stock of Comerica in exchange for each share of Sterling common stock they own. The transaction is expected to be completed by mid-year 2011.

Robbins Umeda LLP's investigation concerns whether Sterling's board undertook a fair process to obtain fair consideration for its shareholders. Specifically, the investigation concerns whether members of Sterling's board breached their fiduciary duties to its shareholders by failing to adequately shop the company before entering into the transaction with Comerica.

If you are a shareholder of Sterling, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at [ info@robbinsumeda.com ].

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The law firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights lawyers. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to [ http://www.robbinsumeda.com ].

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