The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of PacWest Bancorp (“PacWest” or “the Company”) (NASDAQ: PACW) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. PacWest is the subject of a Business Insider report published on March 10, 2023. According to the report, The Company has “exposure to the same type of venture capital clients that Silicon Valley Bank had. A sizeable amount of PacWest’s lending portfolio is tied to real estate owned by venture capital firms.” Based on this news, shares of PacWest fell by almost 38% on the same day. Shares fell sharply in intraday trading on March 13, 2023, as concerns continued to grow.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230313005658/en/
Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
