Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 13, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises PacWest Bancorp (“PacWest” or “the Company”) (NASDAQ: PACW) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. PacWest investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
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.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar