WAYNE, Pa., Dec. 9, 2015 /PRNewswire/ -- Ryan & Maniskas,
LLP is investigating potential claims against the board of
directors of Wilshire Bancorp Inc. ("Wilshire" or the "Company") (NASDAQ: WIBC)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company's efforts to sell the Company to BBCN
Bancorp, Inc. ("BBCN") in a transaction valued at approximately
$1.0 billion.
If you own shares of Wilshire and would like to learn more about
this class action or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/wilshire. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
Under the terms of the agreement, shareholders of Wilshire will receive 0.7034 of a share BBCN
for each Wilshire share they own;
representing a consideration of $13.00 per Wilshire share, based on the December 4 closing price of BBCN.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Wilshire not acting in the
Company's shareholders' best interests in connection with the sale
process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old
Eagle School Rd., Suite 311
Wayne, PA
19087
877-316-3218
www.rmclasslaw.com/cases/wilshire
rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP