Luther Burbank Corporation

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LBC STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF LUTHER BURBANK CORPORATION IS FAIR TO SHAREHOLDERS

November 14, 2022.

New York, New York—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.

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 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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