NEW
YORK, Oct. 10, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of PacWest Bancorp.
Shareholders who purchased shares of PACW during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/pacwest-loss-submission-form/?id=50953&from=4
CLASS PERIOD: February 28,
2022 to May 3, 2023
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (i) PacWest
had understated the impact of interest rate hikes on Pacific
Western Bank ("PWB"), a smaller bank with excessive concentration
in specific industries; (ii) accordingly, the Company had
overstated the stability and/or sustainability of its deposit base;
(iii) as a result, PacWest was exceptionally vulnerable to
excessive deposit flows and/or a liquidity crisis; and (iv) as a
result, defendants' public statements were materially false and/or
misleading at all relevant times.
DEADLINE: November 13, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/pacwest-loss-submission-form/?id=50953&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of PACW during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is November 13, 2023. There is no
cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm