21-April-2024

DEADLINE ALERT for PACW/PACWP, DOCN, IART, and EVA: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

Grand News Network | November 6, 2023

LOS ANGELES, Nov. 06, 2023 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.  Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com.

PacWest Bancorp (NASDAQ:PACW, PACWP))
Class Period: February 28, 2022 – May 3, 2023
Lead Plaintiff Deadline: November 10, 2023

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) PacWest had understated the impact of interest rate hikes on PWB, a smaller bank with excessive concentration in specific industries; (2) accordingly, the Company had overstated the stability and/or sustainability of its deposit base; (3) as a result, PacWest was exceptionally vulnerable to excessive deposit flows and/or a liquidity crisis; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you are a PacWest shareholder who suffered a loss, click here to participate.

DigitalOcean Holdings, Inc. (NYSE:DOCN)
Class Period: February 16, 2023 – August 25, 2023
Lead Plaintiff Deadline: November 13, 2023

The complaint filed in this class action alleges that throughout the Class ...

Full story available on Benzinga.com


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