This July 3 Claremont Insider post linked to this June 26 Claremont Insider post, which itself linked to this June 24 Riverside Press-Enterprise article.
A shareholder of PFF Bancorp has filed a class-action lawsuit against the Rancho Cucamonga-based firm and the Illinois-headquartered company that recently agreed to acquire it, alleging company officials breached their responsibilities by selling PFF at too low a price....
The lawsuit was filed June 18 in Los Angeles Superior Court by attorneys for plaintiff Menachem Maiman....
The suit asks the court to stop the merger, or rescind it if a court judgment is not rendered until after the merger is completed.
The theory, of course, if that PFF could have negotiated a better deal than the one they struck with FBOP Corporation.
From a layman's perspective, I'd have to say that I don't see a real persuasive argument on the surface here. PFF couldn't exactly hold out for a better deal.
Thrown for a (school) loop
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You know what they say - if you don't own your web presence, you're taking
a huge risk. For example, let's say that you decide to start the Red Green
Compa...
4 years ago
