SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

April 14, 2015 11:36 ET

Investor Alert: Levi & Korsinsky, LLP Reminds Shareholders of Square 1 Financial, Inc. of Commencement of Action in Connection With the Fairness of the Sale of the Company to PacWest Bancorp -- SQBK

NEW YORK,NY--(Marketwired - Apr 14, 2015) - 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") (NASDAQ: SQBK) prior to March 2, 2015 and continue to hold shares.

You are hereby notified that a class action lawsuit has been commenced in Delaware state court challenging the fairness of the sale of Square 1 to PacWest Bancorp ("PacWest") (NASDAQ: PACW). To learn more about the action, go to:

HTTP://ZLK.9NL.COM/SQBK-INFOSHEET

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. 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.

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.

Contact Information

  • 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