PACW - PACW INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that PacWest Bancorp Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit | Benzinga
SAN DIEGO, Sept. 13, 2023 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of PacWest Bancorp (NASDAQ:PACW) securities between February 28, 2022 and May 3, 2023, inclusive (the "Class Period") have until November 13, 2023 to seek appointment as lead plaintiff of the PacWest Bancorp class action lawsuit. Captioned Tan v. PacWest Bancorp, No. 23-cv-01685 (C.D. Cal.), the PacWest Bancorp class action lawsuit charges PacWest Bancorp and certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the PacWest Bancorp class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-pacwest-bancorp-class-action-lawsuit-pacw.html
You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com.
CASE ALLEGATIONS: PacWest Bancorp operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank ("PWB"), a regional bank based in Los Angeles, California.
The PacWest Bancorp class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) PacWest Bancorp had understated the impact of interest rates on PWB, a smaller bank with excessive concentration in specific industries; (ii) accordingly, PacWest Bancorp had overstated the ...