NEW YORK, March 3, 2015 /PRNewswire/ -- 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") (NasdaqGS: SQBK)
PRIOR TO MARCH 2,
2015 AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that Levi & Korsinsky, LLP
has commenced an investigation into the fairness of the
sale of Square 1 to PacWest Bancorp ("PacWest") (NasdaqGS:
PACW). Click here to learn more about the action:
http://zlk.9nl.com/square1-financial-sqbk. 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 1
shareholders 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.
If you own Square 1 common stock 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://zlk.9nl.com/square1-financial-sqbk.
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
www.zlk.com
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SOURCE Levi & Korsinsky, LLP