NASDAQ GS
WIBC

Wilshire Bancorp Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Wilshire Bancorp Inc. (Nasdaq GS: WIBC) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Wilshire Bancorp Inc. (“Wilshire” or the “Company”) (Nasdaq GS:WIBC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by BBCN Bancorp, Inc. (“BBCN”) (Nasdaq GS: BBCN).

Under the terms of the agreement, shareholders of Wilshire will receive 0.7034 of a share of BBCN common stock per share, representing approximately $13.00 per share as of December 4, 2015.

The investigation concerns whether Wilshire’s board of directors failed to adequately shop the Company and obtain the best possible value for Wilshire shareholders before entering into the agreement with BBCN.

If you own the common stock of Wilshire and purchased your shares before December 7, 2015, 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 or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, or by e-mail at info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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