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SIMPLICITY BANCORP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Simplicity Bancorp, Inc.

2014-09-30 19:48 ET - News Release

NEW ORLEANS, Sept. 30, 2014 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Simplicity Bancorp, Inc. ("Simplicity" or the "Company") (NASDAQ: SMPL) to HomeStreet, Inc. (NASDAQ: HMST).  Under the terms of the proposed transaction, shareholders of Simplicity will receive only 1 share of HomeStreet stock for each share of Simplicity common stock that they own, subject to adjustment if HomeStreet's closing stock price during a specified measurement period prior to closing is more than $20 or less than $15 per share.  KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) or associate Michael J. Palestina (michael.palestina@ksfcounsel.com) toll free at any time at 855-768-1857.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447

SOURCE Kahn Swick & Foti, LLC

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