If you suffered losses in PacWest Bancorp stock contact PacWest Bancorp stock loss lawyer Timothy L. Miles
INTRODUCTION TO THE PACWEST BANCORP CLASS ACTION LAWSUIT
The PacWest Bancorp class action lawsuit seeks to represent purchasers or acquirers of PacWest Bancorp (NASDAQ: PACW) securities between February 28, 2022 and May 3, 2023, inclusive (the “Class Period”). Captioned Tan v. PacWest Bancorp, No. 23-cv-01685 (C.D. Cal.), the PacWest Bancorp class action lawsuit charges PacWest Bancorp and certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in PacWest Bancorp stock and wish to serve as lead plaintiff in the PacWest Bancorp class action lawsuit, please provide your information below. You can also contact PacWest Bancorp Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the PacWest Bancorp class action lawsuit must be filed with the court no later than November 13, 2023. Read on for answers to five frequently asked questions about the PacWest Bancorp class action lawsuit. CAN A NON-U.S. INVESTOR SERVE AS LEAD PLAINTIFF IN THE PACWEST BANCORP CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN PACWEST BANCORP?
Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of which have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in PacWest Bancorp stock, they may move the Court to be appointed lead plaintiff in the PacWest Bancorp class action lawsuit.
IF I SUFFERED LOSSES IN PACWEST BANCORP STOCK, WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE PACWEST BANCORP CLASS ACTION LAWSUIT?
Serving as a Lead Plaintiff in the PacWest Bancorp class action lawsuit has several advantages and important benefits including:
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against PacWest Bancorp if you suffered losses in PacWest Bancorp stock. WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE PACWEST BANCORP CLASS ACTION LAWSUIT?
No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the PacWest Bancorp class action lawsuit. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the PacWest Bancorp class action lawsuit on behalf of investors who suffered losses in PacWest Bancorp stock.
CAN I BE APPOINTED LEAD PLAINTIFF IN THE PACWEST BANCORP CLASS ACTION LAWSUIT IF I PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD?
No. Even if you suffered losses in PacWest Bancorp stock, if you purchased securities outside of the Class period, you will not be able to participate in the PacWest Bancorp class action lawsuit.
HOW WAS THE CLASS PERIOD DETERMINED IN THE PACWEST BANCORP CLASS ACTION LAWSUIT?
In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives. The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure.
In order to be a part of the class in the PacWest Bancorp class action lawsuit, you must have suffered losses in PacWest Bancorp stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the PacWest Bancorp class action lawsuit. CONTACT A PACWEST BANCORP STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN PACWEST BANCORP STOCK ABOUT AN PACWEST BANCORP CLASS ACTION LAWSUIT
If you suffered losses in PacWest Bancorp stock, contact PacWest Bancorp stock loss lawyer Timothy L. Miles today for a free case evaluation about a PacWest Bancorp class action lawsuit. Call today and see what a PacWest Bancorp stock loss lawyer can do for you if you suffered losses in PacWest Bancorp stock.
PacWest Bancorp stock loss lawyer Timothy L. MilesNashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, 6Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America's Most Honored Lawyers 2020; Top 1% by America's Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime. Comments are closed.
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