Pawar Law Group Announces that a Securities Class Action Lawsuit has been filed Against Banc of California – BANC

NEW YORK, NY / ACCESSWIRE / February 24, 2017 / The Pawar Law Group announces a class action lawsuit on behalf of Banc of California, Inc. ("Banc of California" or the "Company") (BANC) investors who purchased Banc of California between October 29, 2015 and January 20, 2017, inclusive (the "Class Period"). The suit is for recovery of investor losses.

To participate in this class action lawsuit, visit the firm's website at http://pawarlawgroup.com/cases/banc-of-california-inc/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com or call toll free at (866) 999-0873.

No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the lawsuit, throughout the Class Period defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) Banc of California had extensive ties to an alleged "fraudster" named Jason Galanis ("Galanis"); (2) Banc of California's ties to Galanis created substantial regulatory risk, given Galanis' history; (3) the revelation of Galanis' ties to Banc of California could cause a substantial decline in the market price of the Banc of California's securities; (4) Banc of California allegedly misled investors concerning its connections to Galanis; and (5) as a result, defendants' positive statements about Banc of California's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than March 24, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You may join the case here: http://pawarlawgroup.com/cases/banc-of-california-inc/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com

Contact:

Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938
vik@pawarlawgroup.com

SOURCE: Pawar Law Group