NASDAQ: PACW

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, Business Insider reported that after Silicone Valley Bank’s $1.8 billion loss, shares of PacWest have crashed. The Company has “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 37.91%, to close at $12.35 per share on March 10, 2023.

On March 13, 2023, PacWest’s stock price dropped to $7.07 per share, or 42.7% in pre-market trading.