(SI Newswire) NEW YORK - The following statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF SQUARE 1 FINANCIAL, INC. (“Square 1” or “the Company”) (Nasdaq: SQBK) PRIOR TO MARCH 2, 2015 AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that a class action lawsuithas been commenced in Delaware state court challenging the fairness of the sale of Square 1 to PacWest Bancorp (“PacWest”) (Nasdaq: PACW). To learn more about the action, GO TO:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The Board of Directors of Square 1 agreed to sell the company to PacWest. Under the terms of the transaction, Square 1shareholders will receive a fixed ratio of 0.5997 shares of PacWest for each Square 1 common share they own, or approximately $27.49 per share. The transaction is valued at approximately $849 million.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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: (866) 367-6510