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
Phone Numbers:
(877) 935-7400
(212)935-7400
Email: rharwood@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
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.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com'). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/harwood-feffer-llp-announces-investigation-of-sale-of-cu-bancorp-to-pacweste-bancorp-300436296.html
SOURCE Harwood Feffer LLP