WeissLaw LLP Investigates First California Financial Group, Inc.

  WeissLaw LLP Investigates First California Financial Group, Inc.

Business Wire

NEW YORK -- November 09, 2012

WeissLaw LLP, a national class action and shareholder rights law firm with
offices in New York City and Los Angeles, is investigating possible breaches
of fiduciary duty and other violations of law by the Board of Directors of
First California Financial Group, Inc. (NASDAQ: FCAL) arising from its
agreement for First California to be acquired by PacWest Bancorp (NASDAQ:
PACW), in a stock-for-stock deal valued at approximately $231 million based on
First California’s closing stock price on November 6, 2012. The proposed
transaction values First California at $8.00 a share.

WeissLaw LLP is investigating whether First California’s Board is acting to
maximize shareholder value for First California’s public shareholders in
approving this deal and whether the Board engaged in a robust sale process in
shopping the company. For the third quarter 2012, First California reported
net income of $3.5 million, compared with $2.5 million for the same quarter in
2011. Additionally, net income available to common shareholders was $3.2
million, or $0.11 per diluted share, compared with $900,000, or $0.03 per
diluted share, for the third quarter 2011. If you own First California shares
and would like more information about your rights as a shareholder or
additional information concerning our investigation, please contact Michael A.
Rogovin either by email at info@weisslawllp.com or by telephone at (888)
593-4771.

WeissLaw LLP has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties. We have recovered
over a billion dollars for defrauded institutions and individuals and obtained
important corporate governance in these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or issuing
materially misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business practices), or
anti-trust violations, please email us at info@weisslawllp.com or fill out the
form on our website, http://www.weisslawllp.com/contact/report_fraud/.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:

WeissLaw LLP
Michael A. Rogovin, Esq.
1500 Broadway, 16^th Floor
New York, NY 10036
T: 212-682-3025
F: 212-682-3010
www.weisslawllp.com
info@weisslawllp.com
 
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