San Diego, CA -- (SBWIRE) -- 10/24/2016 -- An investigation on behalf of investors of Banc of California Inc (NYSE:BANC) shares over potential securities laws violations by Banc of California and certain of its directors and officers in connection certain financial statements was announced.

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 858-779-1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Banc of California Inc (NYSE:BANC) concerning 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.

Shares of Banc of California Inc (NYSE:BANC) grew from $9.98 per share in May 2014 to as high as $23.06 per share in August 2016.

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 21, 2016, NYSE:BANC shares closed at $13.24 per share.

Those who purchased shares of Banc of California Inc 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