UCBH Holdings, Inc. Investor Investigation Concerning Executive Compensation

If you currently hold UCBH Holdings, Inc. (NASDAQ: UCBH) shares you have certain options and you should contact the Shareholders Foundation, Inc immediately.

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Company Name(s): 
UCBH Holdings
Affected Securities: 

An investigation on behalf of current investors of UCBH Holdings, Inc. (Public, NASDAQ: UCBH) over possible shareholder claims concerning breaches of fiduciary duty related to the historical and potential compensation that was awarded certain senior officers was announced.

According to the investigation by a law firm the investigation focuses on possible claims that certain UCBH Holdings’s senior officers were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation from 2005-2007. UCBH Holdings, Inc. is a bank holding company. UCBH Holdings, Inc. conducts its principal business through its wholly owned banking subsidiary, United Commercial Bank, which makes up substantially all of its consolidated assets and revenues. Certain senior officers at UCBH Holdings, Inc, were awarded salaries, bonuses, stock options and other forms of long-term, ‘incentive’ or retirement compensation that was, so the investigation, excessive or unwarranted based on UCBH Holdings’s performance as compared to what senior officers at comparable companies were making and/or results that were fraudulent, misleading or not long-lasting. The investigation by the law firm is also investigating claims that the prior compensation awarded at UCBH Holdings, Inc is now clearly improper based upon its current operating condition. Finally the investigation focuses also on possible claims that would allow UCBH Holdings, Inc. (Public, NASDAQ: UCBH) stockholders to influence or control future compensation decisions at UCBH Holdings. UCBH Holdings, Inc. is located in San Francisco, CA and had $13billion on total assets in 2008. The shares of UCBH Holdings, Inc. (NASDAQ: UCBH) traded recently at $1.69 per share, down from almost $15 in 2008.