Western Alliance Bancorporation

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

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

If you purchased Western Alliance 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, Business Insider reported after Silicone Valley Bank’s $1.8 billion loss, shares of Western Alliance have crashed. The Company issued financial updates, “showing growing deposits and strong liquidity in the form $2.5 billion in cash on its balance sheet, a fully collateralized credit facility of $13.1 billion, and uncommitted credit lines of $4.6 billion.”

On this news, Western Alliance’s price fell $13.02 per share, or 20.88%, to close at $49.34 per share on March 10, 2023. On March 13, 2023, Western Alliance’s shares fell 12.4% to $43.20 in pre-market trading.

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Company Name: Western Alliance Bancorporation
Stock Symbol: WAL
Class Period: N/A
Court: N/A

Why Rosen Law

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.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

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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