INVESTOR OVERVIEW: THE PACWEST BANCORP CLASS ACTION LAWSUIT

11/1/2023

If you suffered losses in PacWest Bancorp stock contact PacWest Bancorp stock loss lawyer Timothy L. Miles

summary of the 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 class action against PacWest Bancorp 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 class action against PacWest Bancorp, please contact PacWest Bancorp Stock Loss Lawyer Timothy L. Miles via phone at 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the class action against PacWest Bancorp must be filed with the court no later than November 13, 2023.

Continue reading this PacWest Bancorp investor overview to learn more about the PacWest Bancorp class action lawsuit, including the lead plaintiff process and more.

PACWEST BANCORP CLASS ACTION LAWSUIT: THE LEAD PLAINTIFF process

Under the provisions of the Private Securities Litigation Reform Act of 1995, investors who have incurred losses from purchasing PacWest Bancorp stock have the opportunity to seek appointment as the lead plaintiff in the PacWest Bancorp class action lawsuit. The lead plaintiff typically represents the interests of the putative class, demonstrating both a substantial financial stake and being representative of the class.

As the lead plaintiff, one assumes responsibility for directing the course of the class action against PacWest Bancorp on behalf of all other class members. The lead plaintiff has the option to choose a law firm to handle the litigation of the PacWest Bancorp class action lawsuit. It is important to note that an investor's ability to potentially recover losses from the class action lawsuit does not rely on serving as the lead plaintiff.

If you have suffered losses from investing in PacWest Bancorp stock and have any further inquiries, do not hesitate to contact lawyer Timothy L. Miles who will work tirelessly to advocate for your right to recover damages in the PacWest Bancorp class action lawsuit if you have experienced losses from investing in PacWest Bancorp stock.

YOU CANNOT BE APPOINTED LEAD PLAINTIFF IN THE PACWEST BANCORP CLASS ACTION LAWSUIT IF YOU PURCHASED SHARES OUTSIDE OF THE CLASS PERIOD

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 class action against PacWest Bancorp.

can you serve as a LEAD PLAINTIFF IN MULTIPLE LAWSUITS

Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in PacWest Bancorp stock, you may move to be appointed lead plaintiff in the class action against PacWest Bancorp.

THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE PACWEST BANCORP CLASS ACTION LAWSUIT

Serving as a Lead Plaintiff in the class action against PacWest Bancorp has several advantages and important benefits including:

A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring class counsel.
Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred in the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
Lead Plaintiff has the benefit of being involved and active in all negotiations relating to any settlement.
Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation.

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.

eligibility of Non-U.S. investors to serve as LEAD PLAINTIFF IN THE PACWEST BANCORP CLASS ACTION LAWSUIT

Courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiff 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 class action against PacWest Bancorp.

DETERMINATION of the CLASS PERIOD IN THE PACWEST BANCORP CLASS ACTION LAWSUIT

In the class action against PacWest Bancorp, the class period refers to the specific timeframe during which the alleged misconduct occurred. For securities fraud class actions, the class period begins when the company makes false or misleading statements or fails to disclose material facts necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure.

To be included in the class action against PacWest Bancorp, you must have suffered losses in PacWest Bancorp stock by purchasing shares during the class period when the stock's price was allegedly artificially inflated.

A PACWEST BANCORP STOCK LOSS LAWYER CAN HELP YOU in the class action against PacWest Bancorp

If you suffered losses in PacWest Bancorp stock, it is essential to seek the guidance of a PacWest Bancorp stock loss lawyer. These lawyers are skilled in navigating the complex laws that govern the securities industry and litigation. They focus on representing individual investors or funds who have been victims of fraud or who have disputes with investment professionals such as the class action against PacWest Bancorp.

While regulatory bodies such as FINRA, the SEC, and state securities regulators play a crucial role in protecting investors, they cannot monitor every act of fraud or negligence. By consulting with a securities lawyer, you can ensure that your rights are protected and potentially recover your losses resulting from fraud or stockbroker misconduct.

When selecting a PacWest Bancorp stock loss lawyer, look for experience, high ethical standards, verifiable credentials, and a trustworthy reputation. Testimonials from previous clients, awards, and recognitions can also help you make an informed decision.

One name that immediately pops up is nationally known and widely respected Nashville lawyer Timothy L. Miles, who has valuable experience and has received numerous awards, mostly due to his high ethical standards, and hard work ethic, including most recently being named a Top 25 Class action lawyer by the National Trial Lawyers Association, and has maintained an AV rating from Martindale-Hubble since 2014, was named a 2023 Top Rated Litigator and 2023 Top Rated Lawyer by Martindale-Hubble and ALM, and was recently named a 2023 Elite Lawyer of the South by Martindale-Hubble for the fifth year in a row, and was a recipient of Avvo Client’s Choice Award in 2021, in 2022 was featured in the Top 100 Lawyers Magazine and received the Lifetime Achievement Award by Premier Lawyers of America (2019–2021).

This will most likely be the only call you need to make. (855) 846–6529 or [email protected].

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 could do for you.

PacWest Bancorp stock loss lawyer Timothy L. Miles

Nashville 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.

CONTACT
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529