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September 01, 2020 1:43pm
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LBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Luther Burbank Corporation Is Fair to Shareholders

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Luther Burbank Corporation (NASDAQ: LBC) to Washington Federal, Inc. for 0.3353 shares of Washington common stock for each share of Luther is fair to Luther shareholders.

Halper Sadeh encourages Luther 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 Luther 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 Luther shareholders; (2) determine whether Washington is underpaying for Luther; and (3) disclose all material information necessary for Luther shareholders to adequately assess and value the merger consideration. On behalf of Luther 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 Luther 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.

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