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PACIFIC MERCANTILE BANCORP INVESTIGATION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP is investigating the acquisition of Pacific Mercantile Bancorp by the Banc of California, Inc.

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·1 min read
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NEW YORK and SAN DIEGO, March 23, 2021 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating Pacific Mercantile Bancorp (“Pacific Mercantile”) (NASDAQ GS: PMBC) regarding possible breaches of fiduciary duties and other violations of law related to Pacific Mercantile’s agreement to be acquired by Banc of California, Inc. (“Banc of California”) (NYSE: BANC). Under the terms of the agreement, Pacific Mercantile’s shareholders will receive 0.50 shares of Banc of California per share.

If you currently hold shares of Pacific Mercantile please call Gregory Stone at (800) 575-0735 or (212) 545-4774, or email to gstone@whafh.com.

Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this investigation or have any questions regarding your rights and interests in this matter, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Stone, Director of Case and Financial Analysis
Kevin Cooper, Esq.
Email: gstone@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

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