EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Banc of California, Inc. – BANC

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Banc of California, Inc. BANC resulting from allegations that Banc of California may have issued materially misleading business information to the investing public.

On December 8, 2017, Bloomberg reported that a former Banc of California employee filed a lawsuit against the bank alleging: (1) revenue generated in 2016 was improperly carried over to inflate 2017 profits; and (2) the then-CFO's use of corporate funds to pay for strip clubs was ignored. On this news, shares of Banc of California fell during intraday trading on December 8, 2017, damaging investors.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Banc of California investors. If you purchased shares of Banc of California, please visit the firm's website at http://www.rosenlegal.com/cases-1253.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.

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