SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Wilshire Bancorp, Inc. -WIBC

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

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