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Bernstein Liebhard LLP Announces Investigation of Acquisition by PacWest Bancorp

^{Published on 2012-11-07 07:16:35 - Market Wire}
 

First California Financial Group, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation... -- NEW YORK, Nov. 7, 2012 /PRNewswire/ --

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NEW YORK, Nov. 7, 2012 /PRNewswire/ -- [ Bernstein Liebhard LLP ] is investigating whether the Board of Directors of First California Financial Group, Inc. ("First California" or the "Company") (NASDAQ: [ FCAL ]) breached its fiduciary duty to its shareholders in agreeing to sell First California to PacWest Bancorp (NASDAQ: PACW).

(Logo: [ http://photos.prnewswire.com/prnh/20120202/MM47134LOGO ] )

Under the terms of the agreement, First California shareholders will receive $8.00 per First California common share, payable in PacWest Bancorp common stock.   The investigation is focused on the potential unfairness of the price to First California shareholders and the process by which the First California Board of Directors considered and approved the transaction.

If you are interested in discussing your rights as a First California stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at:

[ Bernstein Liebhard LLP ] has pursued hundreds of securities, [ consumer ] and shareholder rights cases and recovered over $3 billion for its clients.  It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last ten years.

Bernstein Liebhard LLP 
10 East 40th Street 
New York, New York 10016 
(877) 779-1414 
[ www.bernlieb.com ] 

ATTORNEY ADVERTISING. © 2012 Bernstein Liebhard LLP.  The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.  The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

SOURCE Bernstein Liebhard LLP