NEW
YORK, Oct. 3, 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=50243&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=50243&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