Press release
Investigation announced for Investors in PacWest Bancorp (NASDAQ: PACW) over potential Wrongdoing
An investigation on behalf of current long term investors in PacWest Bancorp (NASDAQ: PACW) shares.
Investors who are current long term investors in PacWest Bancorp (NASDAQ: PACW) shares, 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 for current long term investors in NASDAQ: PACW stocks follows a lawsuit filed against PacWest Bancorp over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PACW stocks, concerns whether certain PacWest Bancorp directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that PacWest Bancorp had understated the impact of interest rates on PWB, a smaller bank with excessive concentration in specific industries, that accordingly, PacWest Bancorp had overstated the stability and/or sustainability of its deposit base, and that as a result, PacWest Bancorp was exceptionally vulnerable to excessive deposit flows and/or a liquidity crisis.
Those who purchased shares of PacWest Bancorp (NASDAQ: PACW) 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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