Cases
Heritage Oaks Bancorp (NASDAQ: HEOP)
Merger
Overview
Overview
- Date:
- 3/23/2017
- Company Name:
- Heritage Oaks Bancorp
- Stock Symbol:
- HEOP
- Class Period:
- FROM 5/9/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Central California
Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who held Heritage Oaks Bancorp (NASDAQ: HEOP) securities on March 10, 2017 (the “Class Period”).
On December 13, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Pacific Premier Bancorp, Inc. will acquire Heritage Oaks Bancorp in a deal worth $405.6 million. As a result of the merger, Heritage Oaks shareholders are only anticipated to receive 0.3471 shares of Pacific common stock for each share of Heritage Oaks common stock.
The Complaint alleges that the Company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the Company.
If you held Heritage Oaks securities during the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On December 13, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Pacific Premier Bancorp, Inc. will acquire Heritage Oaks Bancorp in a deal worth $405.6 million. As a result of the merger, Heritage Oaks shareholders are only anticipated to receive 0.3471 shares of Pacific common stock for each share of Heritage Oaks common stock.
The Complaint alleges that the Company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the Company.
If you held Heritage Oaks securities during the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.