NEW YORK, March 7, 2015 /PRNewswire/ -- Juan E.
Monteverde, a partner at Faruqi & Faruqi, LLP, a leading
national securities firm headquartered in New York City, is investigating the Board of
Directors of Square 1 Financial, Inc. ("Square 1" or the "Company")
(NASDAQ: SQBK) for potential breaches of fiduciary duties in
connection with the sale of the Company to PacWest Bancorp
("PacWest") (NASDAQ: PACW) for approximately $849 million in an all-stock transaction.
The Company's stockholders will receive 0.5997 shares for each
share of Square 1 common stock they own, which equates to
$27.49 per share based on PacWest's
Friday close.
Click here for more information: www.faruqilaw.com/SQBK.
There is no cost or obligation to you.
The investigation focuses on whether Square 1's Board of
Directors breached their fiduciary duties to the Company's
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Square 1's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
latest securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Square 1 and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/SQBK or contact
Juan E. Monteverde, Esq. either via
e-mail at jmonteverde@faruqilaw.com or by telephone at (877)
247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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The law firm responsible for this advertisement is Faruqi &
Faruqi, LLP (www.faruqilaw.com). Prior results do not
guarantee or predict a similar outcome with respect to any future
matter. We are happy to discuss your particular case.
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