Robbins Arroyo LLP Announces that Banc of California, Inc. (BANC) Securities Class Action Survives Motion to Dismiss

Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Banc of California BANC breached their fiduciary duties to shareholders. On January 26, 2017, a securities class action complaint was filed against Banc of California in the U.S. District Court for the Central District of California for alleged violations of the Securities Exchange Act of 1934. The complaint alleged that Banc of California and certain of its executives had undisclosed ties to Jason Galanis, an individual with an extensive history of criminal securities fraud, which created a significant regulatory risk for the company. In a September 6, 2017 order, the Honorable Andrew J. Guilford of the U.S. District Court for the Central District of California denied in part Banc of California's motion to dismiss in In re Banc of California Securities Litigation.

View this information on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/banc-of-california-inc-nov-2017-2/

Banc of California Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, LKandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

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