SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Files Class Action Suit Against UCP, Inc.

WILMINGTON, Del., May 30, 2017 -- Rigrodsky & Long, P.A.:

Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the Northern District of California on behalf of holders of UCP, Inc. (“UCP”) (NYSE:UCP) common stock in connection with the proposed acquisition of UCP by Century Communities, Inc. (“Century”) announced on April 11, 2017 (the “Complaint”).  The Complaint, which alleges violations of the Securities Exchange Act of 1934 against UCP, its Board of Directors (the “Board”), and Century, is captioned Tola v. UCP, Inc., Case No. 5:17-cv-02713 (N.D. Cal.).

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail at [email protected]; or at http://rigrodskylong.com/contact-us/. 

On April 10, 2017, UCP entered into an agreement and plan of merger (the “Merger Agreement”) with Century.  Pursuant to the Merger Agreement, shareholders of UCP will receive $5.32 in cash and 0.2309 of a share in a newly combined company for each share of UCP stock they own (the “Proposed Transaction”).

Among other things, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, defendants issued materially incomplete disclosures in a registration statement (the “Registration Statement”) filed with the United States Securities and Exchange Commission on May 5, 2017.  The Complaint alleges that the Registration Statement, which recommends that UCP stockholders vote in favor of the Proposed Transaction, omits material information necessary to enable shareholders to make an informed decision as to how to vote on the Proposed Transaction, including material information with respect to UCP’s financial projections, the analyses performed by UCP’s financial advisor, and the background of the Proposed Transaction.  The Complaint seeks injunctive and equitable relief and damages on behalf of holders of UCP common stock. 

If you wish to serve as lead plaintiff, you must move the Court no later than July 31, 2017.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:                                                                                             

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
[email protected] 
http://www.rigrodskylong.com