NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Beach Business Bank (“Beach Business Bank” or the “Company”) (OTC: BBBC) 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 (NASDAQ: FPTB). 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.
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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 email@example.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.