Replies to post #636 on Pacific Capital Bancorp (PCBC)

[Enterprising Investor]

What took the law firms so long?

Seriously, the time to investigate possible breaches of fiduciary duty by the Board would have been prior to Ford Financial Fund Investment making the capital infusion, not after.

All Legacy Shareholders had an opportunity to participate in the rights offering and buy shares at $20. Only 52.6 percent participated. Smooth, huh?

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