Law Firm Brower Piven Announces Investigation of San Diego Trust Bank Proposed Buyout

Law Firm Brower Piven Announces Investigation of San Diego Trust Bank Proposed Buyout

STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of San Diego Trust Bank ("San Diego Trust" or the "Company") (OTC: SDBK) and other violations of state law by the board of directors of San Diego Trust relating to the proposed buyout of the Company by Pacific Premier Bancorp, Inc. ("Pacific Premier"). The firm's investigation seeks to determine, among other things, whether San Diego Trust's board of directors breached their fiduciary duties by failing to maximize shareholder value.

As stated in the press release announcing the proposed buyout, San Diego Trust shareholders will have a choice between electing to receive $13.41 per share in cash or 1.114 shares of Pacific Premier common stock for each share of San Diego Trust they own or a combination thereof. According to Yahoo! Finance, San Diego Trust shares were trading at $14.50 the week before the proposed buyout was announced.


If you currently own common stock of San Diego Trust and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.



Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com

KEYWORDS:   United States  North America  California  Maryland

INDUSTRY KEYWORDS:

The article Law Firm Brower Piven Announces Investigation of San Diego Trust Bank Proposed Buyout originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Introduction to ETFs

The basics of Exchange Traded Funds and why ETFs are hot.

View Course »

Investing in Real Estate

Learn the basics of investing in real estate.

View Course »

Add a Comment

*0 / 3000 Character Maximum