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CU Bank, PacWest Face Investor Suit Over $705M Tie-Up

By Jack Newsham (June 12, 2017, 3:18 PM EDT) -- Community banks CU Bancorp and PacWest Bancorp were sued in California federal court on Friday by a putative class of shareholders who say CU's $705 million selling price is too low and costly to renege on, adding they weren't given enough financial information to assess the deal....

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