Expired
Lead Plaintiff Deadline
Nov 13, 2023
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The filed complaint alleges that PacWest Bancorp made materially false and/or misleading statements and/or failed to disclose that: (i) PacWest had understated the impact of interest rate hikes on Pacific Western Bank (“PWB”), a smaller bank with excessive concentration in specific industries; (ii) accordingly, the Company had overstated the stability and/or sustainability of its deposit base; (iii) as a result, PacWest was exceptionally vulnerable to excessive deposit flows and/or a liquidity crisis; and (iv) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.
In order to be eligible to join the PACW class action lawsuit, you must have incurred a loss on shares of PacWest purchased during the class period listed above.
If you suffered a loss in PacWest during the relevant time frame or pursuant to the relevant offering(s), you have until November 13, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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