BALA CYNWYD, Pa., Dec. 16, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Wilshire
Bancorp, Inc. ("Wilshire" or "the
Company") (Nasdaq- WIBC-News) for possible breaches of fiduciary
duty and other violations of state law in connection with the sale
of the Company to BBCN Bancorp, Inc. ("BBCN").
Click here to learn more about the investigation
http://brodsky-smith.com/1012-wibc-wilshire-bancorp-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Wilshire shareholders will receive only 0.7034
of a share of BBCN stock for each share of Wilshire stock they own. The investigation
concerns whether the Board of Wilshire breached their
fiduciary duties to shareholders and whether BBCN is underpaying
for the Company. The transaction may undervalue Wilshire and would result in no real gain for
many Wilshire shareholders. For
example, Wilshire stock traded at
$12.95 per share as recently as
June 26, 2015 and an analyst has set
a price target for Wilshire stock
at $15.50 per share.
If you own shares of Wilshire stock and wish to discuss the
legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1012-wibc-wilshire-bancorp-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC