LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Banc of California, Inc. (“Banc of California” or the “Company”) (NYSE: BANC) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Banc of California investigation page on our website www.glancylaw.com/case/banc-california-inc-0.
On December 8, 2017, Bloomberg reported that a former Banc of California employee filed a lawsuit against the bank alleging: (1) revenue generated in 2016 was improperly carried over to inflate 2017 profits; and (2) that corporate funds were misused by Company executives.
On this news, shares of Banc of California fell significantly on December 8, 2017, thereby damaging investors.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased Banc of California securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.