Security California Bancorp (CA) (SCAF: OTCQB) | SECURITY CALIFORNIA BANCORP SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to Pacific Premier Bancorp, Inc.

SECURITY CALIFORNIA BANCORP SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to Pacific Premier Bancorp, Inc.

Oct 09, 2015

OTC Disclosure News Service

Former United States Securities and Exchange Commission attorney Willie
Briscoe
and the securities litigation firm of Powers
Taylor LLP
are investigating potential claims against the Board of
Directors of Security California Bancorp (“Security California Bancorp”)
(OTC MKTS: SCAF) concerning the sale to Pacific Premier Bancorp, Inc.
(“Pacific Premier”) (NasdaqGS: PPBI). Under the terms of the agreement,
Security California Bancorp shareholders will only receive 0.9629 shares
of Pacific Premier common stock for each share owned and options holders
will receive cash consideration. The consideration is valued at
approximately $19.57, which is virtually no premium over the 52-week
high.

If you are an affected investor, and you want to learn more about the
investigation or if you have information that you believe would be
helpful to our investigation of the fairness of the proposed
transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via
email at shareholders@thebriscoelawfirm.com,
Patrick Powers at Powers Taylor LLP via e-mail at shareholder@powerstaylor.com
or by calling toll free at (877) 728-9607. There is no cost or fee to
you.

The investigation centers on whether Security California Bancorp’s Board
of Directors is acting in the shareholders’ best interests, whether the
board considered alternatives to the acquisition, and whether the board
has employed an adequate process to review and act on the proposed
transaction.

The
Briscoe Law Firm, PLLC
is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.

Powers
Taylor LLP
is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.

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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/SCAF/news?id=116337

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