An investigation on behalf of current long term investors in Banc of California Inc (NYSE:BANC) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:BANC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/10/2018 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Banc of California Inc.
Investors who are current long term investors in Banc of California Inc (NYSE:BANC) shares, 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 for current long term investors in NYSE:BANC stocks follows a lawsuit currently pending against Banc of California Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:BANC stocks, concerns whether certain Banc of California directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the 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, including that the Company had extensive ties to an alleged "fraudster" named Jason Galanis ("Galanis"), that, given Galanis' history, the Company's ties to Jason Galanis created substantial regulatory risk, that revelation of Jason Galanis' ties to the Company could cause a substantial decline in the market price of the Company's securities, that the Company allegedly misled investors concerning the Company's connections with Jason Galanis, and that, as a result of the foregoing, Defendants' positive statements about Banc of California's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Those who purchased shares of Banc of California Inc (NYSE:BANC) 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