Lawsuit Overview
San Diego, March 19, 2012 (Shareholders Foundation) -- An investor in NASDAQ:PCBC shares filed a lawsuit against members of the board of directors in effort to block the proposed acquisition of Pacific Capital Bancorp by UnionBanCal Corporation for $46 per share. According to the complaint the plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:PCBC i...
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