LOS ANGELES — PBOC Holdings Inc. is being sued for failing to negotiate a higher sale price in its pending sale to FBOP Corp. of Oak Brook, Ill.

Riviera-Enid LP, a Florida investment group that owns 21,000 PBOC shares, filed suit Thursday in Delaware Chancery Court.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.