NEW ORLEANS, March 4, 2015 /PRNewswire/ -- Former
Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the
law firm of Kahn Swick & Foti, LLC ("KSF") are investigating
the proposed sale of Square 1 Financial, Inc. ("Square 1" or the
"Company") (NASDAQ: SQBK) to PacWest Bancorp (NASDAQ: PACW).
Under the terms of the proposed transaction,
shareholders of Square 1 will receive only 0.5997 shares of PacWest
common stock for each share of Square 1 stock that they own,
implying a total consideration per Square 1 share of approximately
$27.49 based on the closing price of
PacWest common stock on February 27,
2015 of $45.84, according to
Square 1. KSF is seeking to determine whether this consideration
and the process that led to it are adequate, or whether the
consideration undervalues the Company.
If you believe that this transaction undervalues the Company
and/or if you would like to discuss your legal rights regarding the
proposed sale, you may, without obligation or cost to you, e-mail
or call KSF Managing Partner Lewis S. Kahn
(lewis.kahn@ksfcounsel.com) or partner Michael J. Palestina
(michael.palestina@ksfcounsel.com) toll free at any time at
855-768-1857.
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC