PacWest Bancorp

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of PacWest Bancorp (NASDAQ: PACW) resulting from allegations that PacWest may have issued materially misleading business information to the investing public.

If you purchased PacWest securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased PacWest securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On March 10, 2023, Insider published an article entitled “First Republic and PacWest Bancorp plunge as fears of contagion grow following the biggest bank failure since 2008” which stated, among other things, that PacWest “ha[s] exposure to the same type of venture capital clients that Silicon Valley Bank had. A sizeable amount of PacWest’s lending portfolio is tied to real estate owned by venture capital firms.”

On this news, PacWest’s stock price fell $7.54 per share, or 37%, to close at $12.35 per share on March 10, 2023.

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Company Name: PacWest Bancorp
Stock Symbol: PACW
Class Period: N/A
Court: N/A

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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