Levi & Korsinsky is investigating the Board of Directors of United PanAm Financial Corporation (“UPFC” or the “Company”) (OTC: UPFC.PK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Guillermo Bron, Chairman of the Board of Directors of UPFC, and affiliates of Pine Brook Road Partners LLC (collectively “Pine Brook”).
New York, NY, January 12, 2011 -- Levi & Korsinsky is investigating the Board of Directors of United PanAm Financial Corporation (“UPFC” or the “Company”) (OTC: UPFC.PK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Guillermo Bron, Chairman of the Board of Directors of UPFC, and affiliates of Pine Brook Road Partners LLC (collectively “Pine Brook”). Under the terms of the transaction, UPFC shareholders will receive $7.05 in cash per share for a total transaction value of approximately $110 million.
Click here to learn how to join the action: http://www.zlk.com/unitedpanam-upfc.html, or call: 877-363-5972.
The investigation concerns whether the UPFC Board of Directors breached their fiduciary duties to UPFC stockholders by failing to adequately shop the Company before entering into this transaction and whether Pine Brook is underpaying for UPFC shares, thus unlawfully harming UPFC stockholders. In particular, for the most recent quarter, the Company reported a book value of $8.54 per share.
If you own common stock in UPFC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/unitedpanam-upfc.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
Contact:
Joanna Chlebus
Joseph Levi, Esq.
30 Broad St, 15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com
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