Press release
Investigation announced for Investors who lost money with shares of Western Alliance over potential Wrongdoing
An investigation on behalf of investors in Western Alliance Bancorporation (NYSE: WAL) shares over potential wrongdoing.
Investors who purchased shares of Western Alliance Bancorporation (NYSE: WAL) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Western Alliance Bancorporation directors breached their fiduciary duties and caused damage to the company and its shareholders.
Phoenix, AZ based Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. Western Alliance Bancorporation reported that its annual Total Revenue rose from over $1.84 billion in 2021 to over $2.29 billion in 2022, and that its Net Income increased from $899.2 million in 2021 to over $1.05 billion in 2022.
On March 10, 2023, Business Insider reported that Western Alliance Bancorporation has issued financial reports "showing growing deposits and strong liquidity in the form $2.5 billion in cash on its balance sheet, a fully collateralized credit facility of $13.1 billion, and uncommitted credit lines of $4.6 billion."
Shares of Western Alliance Bancorporation (NYSE: WAL) declined from $81.17 per share on February 02, 2023, to as low as $22.50 per share on March 14, 2023.
Those who purchased shares of Western Alliance Bancorporation (NYSE: WAL) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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