Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of PrivateBancorp Inc (NASDAQ: PVTB) acted responsibly on behalf of investors’ profitability in the planned $3.8 billion sale to Canadian Imperial Bank of Commerce (NYSE: CM).

On June 29, 2016, PrivateBancorp Inc (NASDAQ: PVTB) and Canadian Imperial Bank of Commerce (NYSE: CM) announced that they had entered into a merger agreement. Under the terms of the agreement, shareholders of PrivateBancorp will receive $18.80 in cash and 0.3657 of a share of Canadian Imperial Bank of Commerce for each share of PrivateBancorp they own.

Based in Chicago, Illinois, and founded in 1989 PrivateBancorp Inc operates as the holding company for The PrivateBank and Trust Company that provides customized business and personal financial services to middle market companies, business owners, executives, entrepreneurs, and families.

The investigation focuses on whether NASDAQ: PVTB investors received the highest price and whether the directors of PrivateBancorp Inc acted in the best interest of PrivateBancorp Inc company and its shareholders.   

If you purchased PrivateBancorp Inc (NASDAQ: PVTB) prior to June 29, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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