Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of California BanCorp (NASDAQ: CALB) to Southern California Bancorp for 1.590 shares of Southern California common stock for each share of California BanCorp common stock is fair to California BanCorp shareholders. Upon completion of the proposed transaction, California BanCorp shareholders will own approximately 42.9% of the outstanding shares of the combined company.

Halper Sadeh encourages California BanCorp shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

The investigation concerns whether California BanCorp and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for California BanCorp shareholders; (2) determine whether Southern California is underpaying for California BanCorp; and (3) disclose all material information necessary for California BanCorp shareholders to adequately assess and value the merger consideration. On behalf of California BanCorp shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages California BanCorp shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240130630042/en/