Territorial Bancorp Inc.

Territorial Bancorp Inc.

If you purchased Territorial Bancorp Inc. securities and would like to join the action, please click "Join This Action" below.

We would handle the action on a contingent fee basis, whereby you would not be responsible for out of pocket payment of our legal fees or expenses.

TBNK STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF TERRITORIAL BANCORP INC. IS FAIR TO SHAREHOLDERS

 

April 29, 2024.

 

New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Territorial Bancorp Inc. (NASDAQ: TBNK) to Hope Bancorp, Inc. for 0.8048 shares of Hope common stock in exchange for each share of Territorial common stock is fair to Territorial shareholders. Upon completion of the proposed transaction, Territorial shareholders will own approximately 5.6% of the combined company.

 

The investigation concerns whether Territorial 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 Territorial shareholders; (2) determine whether Hope is underpaying for Territorial; and (3) disclose all material information necessary for Territorial shareholders to adequately assess and value the merger consideration.

 

On behalf of Territorial shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

 

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.

Certification

Signed pursuant to California Civil Code Section 1633.1, et seq., and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: May 21, 2024