Business & Finance
Business and Finance
Business and Finance
Fri, September 2, 2011
Thu, September 1, 2011 The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Beach Business Bank
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Beach Business Bank (aBeach Business Banka or the aCompanya) (OTC: BBBC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of First PacTrust Bancorp (NASDAQ: FPTB). Under the terms of the transaction, Beach Business Bank shareholders will receive $9.07 per diluted share, for a total transaction value of approximately $37.4 million.
Click here to learn more about the investigation: [ http://www.zlk.com/beach-business-bbbc ], or call: 877-363-5972.
The investigation concerns whether the Beach Business Bank Board of Directors breached their fiduciary duties Beach Business Bank stockholders by failing to adequately shop the Company before entering into this transaction and whether the Company has disclosed all material information to shareholders regarding the proposed transaction.
If you own common stock in Beach Business Bank and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com ].
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
