LOS ANGELES--(BUSINESS WIRE)--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 an article published by Bloomberg on May 3, 2023, Titled: “Regional Banks Sink as PacWest Weighs Strategic Options.” According to Bloomberg, “PacWest Bancorp led a renewed slide in regional banks after a report that it’s weighing strategic options including a sale heightened concerns that the turmoil engulfing smaller lenders is far from over.” Based on this news, shares of PacWest fell sharply in after hours trading.
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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.
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