PacWest Bancorp
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
The investigation is centered around whether the Company made false or misleading statements, or neglected to disclose important information that could impact investors. Recently, PacWest has been featured in a Business Insider report that was published on March 10, 2023. The report indicates that the Company is exposed to the same type of venture capital clients as Silicon Valley Bank and that a significant portion of its lending portfolio is linked to real estate owned by venture capital firms. This news caused PacWest’s stock to decline by almost 38% on the same day. Concerns continued to mount, causing a sharp drop in share prices during intraday trading on March 13, 2023.
