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The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against PacWest Bancorp (PACW)

Retrieved on:

Thursday, November 9, 2023

The Law Offices of Frank R. Cruz reminds investors of the upcoming November 10, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW , PACWP ) securities between February 28, 2022 and May 3, 2023, inclusive (the “Class Period”).

Key Points:

The Law Offices of Frank R. Cruz reminds investors of the upcoming November 10, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW , PACWP ) securities between February 28, 2022 and May 3, 2023, inclusive (the “Class Period”).
Then, on May 11, 2023, PacWest disclosed that it had lost a significant percentage of its deposits following the publications of the Bloomberg and Forbes reports.
On this news, PacWest’s stock price fell $1.38, or 22.8%, to close at $4.68 per share on May 11, 2023.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against PacWest Bancorp (PACW)

Retrieved on:

Monday, November 6, 2023

Banc of California, Suite, Defendant, FDIC, Pressure, Publication, News, Court, GPM, PWB, Bloomberg, PacWest Bancorp, PacWest, Investment, Banq, Cryptocurrency, Bank

You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

Key Points:

You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
If you purchased or otherwise acquired PacWest securities during the Class Period, you may move the Court no later than November 10, 2023 to request appointment as lead plaintiff in this putative class action lawsuit.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
Glancy Prongay & Murray LLP, Los Angeles

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against PacWest Bancorp (PACW)

Retrieved on:

Wednesday, November 1, 2023

Banc of California, Suite, Defendant, FDIC, Pressure, Publication, News, Court, GPM, PWB, Bloomberg, PacWest Bancorp, PacWest, Investment, Banq, Cryptocurrency, Bank

You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

Key Points:

You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
If you purchased or otherwise acquired PacWest securities during the Class Period, you may move the Court no later than November 10, 2023 to request appointment as lead plaintiff in this putative class action lawsuit.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
Glancy Prongay & Murray LLP, Los Angeles

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on:

Friday, October 27, 2023

NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points:

NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Banc of California Announces Appointments of Four Directors to its Board of Directors in Connection with its Merger with PacWest Bancorp

Retrieved on:

Thursday, October 26, 2023

Public Relations, Investor Relations, Business, Banking, Communications, Professional Services, Banc of California, BANC, PacWest Bancorp, PacWest, Warburg Pincus, NYSE, Banq, Bank, Management

Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the appointments of Todd Schell, a principal of Warburg Pincus LLC, and John M. Eggemeyer, Paul R. Burke, and Susan E. Lester, each directors of PacWest Bancorp (“PacWest”), to the board of directors of Banc of California (the “Board”), with Mr. Eggemeyer to serve as Chairman of the Board, effective as of and contingent upon the closing of the anticipated merger with PacWest.

Key Points:

Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the appointments of Todd Schell, a principal of Warburg Pincus LLC, and John M. Eggemeyer, Paul R. Burke, and Susan E. Lester, each directors of PacWest Bancorp (“PacWest”), to the board of directors of Banc of California (the “Board”), with Mr. Eggemeyer to serve as Chairman of the Board, effective as of and contingent upon the closing of the anticipated merger with PacWest.
The merger is expected to close on or about November 30, 2023, subject to the satisfaction of remaining closing conditions including receipt of the requisite stockholder approvals.
In connection with and contingent upon the closing of the merger, esteemed directors Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs will be retiring from the Board.
We have been impressed with the camaraderie and diligence of the combined team and recognize the substantial planning it took to get us to this point.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against PacWest Bancorp (PACW)

Retrieved on:

Monday, October 23, 2023

Banc of California, Suite, Defendant, FDIC, Pressure, Publication, News, Court, GPM, PWB, Bloomberg, PacWest Bancorp, PacWest, Investment, Banq, Cryptocurrency, Bank

You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

Key Points:

You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
If you purchased or otherwise acquired PacWest securities during the Class Period, you may move the Court no later than November 10, 2023 to request appointment as lead plaintiff in this putative class action lawsuit.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
Glancy Prongay & Murray LLP, Los Angeles

PacWest Bancorp and Banc of California Receive Final Regulatory Approval for Merger

Retrieved on:

Friday, October 20, 2023

Banc of California, Structure of the Federal Reserve System, Federal Reserve, PacWest Bancorp, Federal Reserve Board of Governors, California Department of Financial Protection and Innovation, Federal, PacWest, California Department, Banq, Bank

LOS ANGELES, Oct. 19, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced that the Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of PacWest and Banc of California, Inc. (“Banc of California”) and their respective bank subsidiaries, Pacific Western Bank and Banc of California, N.A.

Key Points:

LOS ANGELES, Oct. 19, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced that the Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of PacWest and Banc of California, Inc. (“Banc of California”) and their respective bank subsidiaries, Pacific Western Bank and Banc of California, N.A.
In addition, on October 5, 2023, the California Department of Financial Protection and Innovation granted its approval of Banc of California acquiring control of Pacific Western Bank and of the merger of Banc of California, N.A.
No further regulatory approvals are required to complete the proposed transaction.
“The receipt of regulatory approvals marks an important milestone on our transaction timeline,” said Paul Taylor, President and Chief Executive Officer of PacWest.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on:

Thursday, October 19, 2023

NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points:

NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Bright Mountain Media (OTCQB: BMTM) Announces Appointment of Ethan Rudin, Public Company Veteran, as CFO

Retrieved on:

Wednesday, October 18, 2023

Boca Raton, FL, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) (“Bright Mountain” or the “Company”), a global holding company with current investments in digital publishing, advertising technology, consumer insights, and creative media services, today announced that Ethan Rudin has been appointed as Chief Financial Officer, effective October 18, 2023. Mr. Rudin is an agile and dynamic financial executive with over 20 years of experience as both a CFO and as an investment banker, where he led, managed, and participated in several billion dollars worth of transactions, including IPOs, follow-ons, and debt securities. Mr. Rudin also brings financial, strategic, and operational leadership spanning numerous industries, including retail, distribution, CPG, digital media, and technology. Most recently, Mr. Rudin served as Chief Financial Officer of Boundless Network, a top promotional products distributor. Prior to Boundless Network, Mr. Rudin was the Chief Financial Officer at BuildDirect Technologies where he led an initial public offering in Canada in November 2021, actively marketing the transaction remotely during the COVID-19 pandemic. Mr. Rudin also previously served as the Chief Financial Officer at Greenlane Holdings Inc., a leading specialty distributor, where he led a successful initial public offering on the Nasdaq in April 2019. Additional roles include his tenure as Chief Financial Officer of Napster (formerly Rhapsody International) and as a Strategy and Corporate Development executive for Starbucks Corporation (SBUX).

Key Points:

Mr. Rudin also brings financial, strategic, and operational leadership spanning numerous industries, including retail, distribution, CPG, digital media, and technology.
Boca Raton, FL, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) (“Bright Mountain” or the “Company”), a global holding company with current investments in digital publishing, advertising technology, consumer insights, and creative media services, today announced that Ethan Rudin has been appointed as Chief Financial Officer, effective October 18, 2023.
Mr. Rudin also brings financial, strategic, and operational leadership spanning numerous industries, including retail, distribution, CPG, digital media, and technology.
Ethan brings a wealth of public company knowledge and business experience and will play a key role as the company continues to execute an aggressive growth strategy.”

PACWEST BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of PacWest Bancorp - PACW

Retrieved on:

Wednesday, October 25, 2023

Class Action Lawsuit, Professional Services, Legal, Banc of California, BANC, PacWest Bancorp, Sale, PacWest, KSF, NYSE, Banq, Real estate

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of PacWest Bancorp (NasdaqGS: PACW) to Banc of California, Inc. (NYSE: BANC).

Key Points:

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of PacWest Bancorp (NasdaqGS: PACW) to Banc of California, Inc. (NYSE: BANC).
Under the terms of the proposed transaction, shareholders of PacWest will receive 0.84 shares of Banc of California for each share of PacWest that they own.
KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .