Rigrodsky & Long, P.A. Investigates United PanAm Financial Corp. Buyout

  • Do you own United PanAm Financial Copr. common stock?
  • Did you purchase your shares prior to December 28, 2010?
  • Do you feel the buyout is unfair?
  • Do you want to discuss your rights?

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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of United PanAm Financial Corp. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by United PanAm’s Chairman and CEO, Guillermo Bron, and by affiliates of Pine Brook Road Partners, LLC  in a transaction valued at approximately $110 million.

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Rigrodsky & Long, P.A. Investigates United PanAm Financial Corp. Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of United PanAm Financial Corp. (“United PanAm” or the “Company”) (Pink Sheets: UPFC.PK) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by United PanAm’s Chairman and CEO, Guillermo Bron, and by affiliates of Pine Brook Road Partners, LLC (“Pine Brook”) in a transaction valued at approximately $110 million.

Under the proposed agreement, an entity controlled by Mr. Bron and affiliates of Pine Brook will acquire the remainder of the Company that Mr. Bron does not already own for $7.05 per share in cash. Mr. Bron already beneficially owns approximately 38% of United PanAm’s common stock. In addition, the directors comprising the Company’s Special Committee, who together own approximately 4% of the shares of common stock, have also agreed to vote their shares in favor of the transaction.

The investigation concerns whether United PanAm’s board of directors failed to adequately shop the Company and obtain the best price possible for United PanAm’s shareholders before entering into the agreement with Mr. Bron and Pine Brook.

If you own the common stock of United PanAm and purchased your shares before December 28, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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

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