Possible Class Action in case against Beach Bank

NEW YORK, Sep 07, 2011 (BUSINESS WIRE) — The Law Offices of Vincent Wong are investigating the Board of Directors of Beach Business Bank (“Beach Business Bank” or the “Company”) /quotes/zigman/367557 BBBC +0.23% for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of First PacTrust Bancorp /quotes/zigman/88851/quotes/nls/fptb FPTB +2.12% . Under the terms of the transaction, Beach Business Bank shareholders will receive $9.07 per diluted share, for a total transaction value of approximately $37.4 million.

To get more information and join the action, click here: http://www.wongesq.com/beach-business-bbbc.html .

The investigation concerns whether the Beach Business Bank Board of Directors breached their fiduciary duties Beach Business Bank stockholders by failing to adequately shop the Company before entering into this transaction and whether the Company has disclosed all material information to shareholders regarding the proposed transaction.

If you own common stock in Beach Business Bank and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/beach-business-bbbc.html .

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

SOURCE: Law Offices of Vincent Wong

View the original article here

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.