Deadline: November 13, 2023
If you have lost money on PACW stock, submit your information in the form on this page to be contacted about whether you have potential claims.
What is the lawsuit about?
A class action lawsuit has been filed against PacWest for false statements concerning the financial condition of the bank. The bank suffered significant losses as a result of its risky positions in interest-rate sensitive assets. On May 4, 2023, PacWest disclosed that it was looking for an acquirer as a result of its distressed financial condition, and on May 11, 2023, PacWest disclosed that it had lost a significant number of its deposits.
What happened to the stock price?
PacWest’s stock price fell $2.84, or 44.2%, to close at $3.59 per share on May 4, 2023 on news that it was seeking an acquirer. Then, PacWest’s stock price fell $1.38, or 22.8%, to close at $4.68 per share on May 11, 2023 on news that it had lost a significant number of its deposits.
Can I recover my losses?
If you owned PACW from February 28, 2022 to May 03, 2023, you may have a claim to recover some of the losses you sustained. Depending on the size of your loss, you may qualify to serve as the lead plaintiff in the class action lawsuit. Submit your information in the form on this page for more information.
Who are we?
Bathaee Dunne LLP is a litigation firm dedicated to shareholders' rights, with a focus on exposing and redressing corporate fraud and misconduct.
For more information about this case or the firm, contact:
Tel: +1 (332) 208-7337
If you suffered a loss on your PacWest Bancorp investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form above. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.