Faruqi & Faruqi, LLP Announces the Investigation of Security California Bancorp (SCAF) Over the Proposed Sale of the Company to Pacific Premier Bancorp, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Security California Bancorp (“Company”) (OTC:SCAF) for potential breaches of fiduciary duties in connection with the sale of the Company to Pacific Premier Bancorp, Inc. for approximately $118.9 million in a stock transaction.
The Company’s stockholders will only receive 0.9629 shares of Pacific Premier common stock for each share of Company common stock they own, approximately $18.98 based on the Pacific Premier’s opening price on October 2.
If you own common stock in Company and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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