San Diego, CA -- (SBWIRE) -- 11/08/2023 -- The Shareholders Foundation announced that a deadline is coming up on November 13, 2023 in the lawsuit filed for certain investors of PacWest Bancorp (NASDAQ: PACW).

Investors who purchased shares of PacWest Bancorp (NASDAQ: PACW) have certain options and there are strict and short deadlines running. Deadline: November 13, 2023. NASDAQ: PACW stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of PacWest Bancorp (NASDAQ: PACW) common shares between February 28, 2022 and May 3, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 28, 2022 and May 3, 2023, the defendants made false and/or misleading statements and/or failed to disclose that PacWest Bancorp had understated the impact of interest rates on PWB, a smaller bank with excessive concentration in specific industries, that accordingly, PacWest Bancorp had overstated the stability and/or sustainability of its deposit base, and that as a result, PacWest Bancorp was exceptionally vulnerable to excessive deposit flows and/or a liquidity crisis.

Those who purchased shares of PacWest Bancorp (NASDAQ: PACW) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.