MILWAUKEE, Feb. 3, 2020 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Opus Bank (Nasdaq: OPB) for
possible breaches of fiduciary duty and other violations of the law
in connection with the sale to Pacific.
Click here to learn how to join the action:
http://ademilaw.com/case/opus-bank or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Opus Bank's financial outlook
is improving and yet shareholders will receive only 0.90 shares of
Pacific Premier common stock for each share of Opus Bank common
stock they own, or approximately $26.82 based on Pacific's stock price on
January 31, 2020. The merger
agreement unreasonably limits competing bids for Opus Bank by
prohibiting solicitation of further bids, and imposing a
termination penalty if Opus Bank accepts a superior bid. Opus Bank
insiders will receive millions of dollars as part of change of
control arrangements. We are investigating the conduct of Opus
Bank's board of directors, and whether they are (i) fulfilling
their fiduciary duties to all shareholders, and (ii) obtaining a
fair and reasonable price for Opus Bank.
If you own common stock in Opus Bank and wish to obtain
additional information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/opus-bank.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP