STEVENSON, Md., Jan. 12, 2015 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the Circuit Court for Baltimore City on behalf of all common stockholders of Simplicity Bancorp, Inc., ("Simplicity Bancorp" or "the Company") (Nasdaq:SMPL) relating to the proposed buyout of the Company by HomeStreet, Inc. ("HomeStreet"). Brower Piven is the only firm headquartered in Maryland with a practice dedicated primarily to shareholder class action litigation.
The complaint seeks relief on behalf of the named plaintiff and all other similarly situated shareholders of Simplicity Bancorp and asserts whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value and/or protect the interests of Simplicity Bancorp shareholders.
If you currently own common stock of Simplicity Bancorp and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.