Press release from Business Wire
Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of CapitalSource, Inc. Over the Proposed Sale of the Company to Pacwest Bancorp
<p> <i>Faruqi & Faruqi, LLP, a Leading National Securities Firm Headquartered in New York City, is Investigating the Board of Directors of</i> <i>CapitalSource, Inc.</i> </p>
Friday, July 26, 2013
Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of CapitalSource, Inc. Over the Proposed Sale of the Company to Pacwest Bancorp20:30 EDT Friday, July 26, 2013
NEW YORK (Business Wire) -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CapitalSource, Inc. (“CapitalSource” or the “Company”) (NYSE: CSE) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to PacWest Bancorp (NasdaqGS: PACW) in a deal valued at approximately $2.3 billion. Under the terms of the proposed transaction, CapitalSource's stockholders will receive $2.47 in cash and 0.2837 shares of PacWest common stock for each share of CapitalSource common stock they own.
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The investigation focuses on whether CapitalSource's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of CapitalSource's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients.
If you own common stock in CapitalSource and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CSE or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330