An investigation on behalf of investors in Western Alliance Bancorporation (NYSE: WAL) shares over potential wrongdoing at Western Alliance Bancorporation was announced.
San Diego, CA -- (SBWIRE) -- 06/20/2023 -- Certain directors of Western Alliance Bancorporation are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Western Alliance Bancorporation (NYSE: WAL) 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 concerns whether certain Western Alliance Bancorporation directors breached their fiduciary duties and caused damage to the company and its shareholders.
Phoenix, AZ based Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. On March 10, 2023, Business Insider reported that Western Alliance Bancorporation has issued financial reports "showing growing deposits and strong liquidity in the form $2.5 billion in cash on its balance sheet, a fully collateralized credit facility of $13.1 billion, and uncommitted credit lines of $4.6 billion." Shares of Western Alliance Bancorporation (NYSE: WAL) declined from $81.17 per share on February 02, 2023, to as low as $22.50 per share on March 14, 2023.
Those who purchased shares of Western Alliance Bancorporation (NYSE: WAL) 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
About:
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.