Harwood Feffer LLP Announces Investigation of Sale of CU Bancorp to PacWeste Bancorp
April 6, 2017
NEW YORK, April 6, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of CU Bancorp ("CU" or the "Company") (NASDAQ: CUNB) concerning the proposed acquisition of the Company by PacWest Bancorp ("PacWest") in a transaction valued at $705 million.
Pursuant to the terms of the transaction, shareholders of CU will receive $0.5308 shares of PacWest common stock and $12.00 in cash for each share of CU representing an approximate value of $39.45 per share. Our investigation concerns whether the CU board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own CU shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Daniella Quitt, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts.
Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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