An investigation for investors in NYSE:BANC shares was announced concerning possible securities laws violations by Banc of California and certain of its directors and officers.
Investors who purchased shares of Banc of California Inc (NYSE:BANC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Banc of California Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 18 2016, an article was published claiming, among other things, that certain Banc of California insiders had undisclosed ties to individuals previously accused of involvement with the collapse of Gerova Financial. Shares of Banc of California Inc (NYSE:BANC) declined from $18.02 per share on October 11, 2016 to as low as $10.93 per share on October 18, 2016.
On October 28, 2016, NYSE:BANC shares closed at $12.68 per share.
Those who purchased NYSE:BANC shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com