Banc of California, Inc.
|Company Name||Banc of California, Inc.|
The Firm announces an investigation on behalf of Banc of California, Inc. (“Banc of California”) or the “Company”) (NYSE: BANC) concerning the Company and its officers’ possible violations of federal securities laws.
On October 18, 2016, an article was published on Seeking Alpha alleging that Banc of California had concealed ties to Jason Galanis—a man the article claims has a “long history of secretly gaining control of banks and public companies via front men, looting assets, and leaving unsuspecting investors and taxpayers with hundreds of millions in losses.” Specifically, the article alleged: (1) that Galanis controlled the Company’s founding shareholder; (2) that an off-balance sheet lender controlled by the Company’s senior-most officers financed Galanis; and (3) that the Company’s lead independent director had strong ties to Galanis.
On this news, shares of Banc of California fell over 29% per share on October 18, 2016, thereby injuring investors.
If you purchased Banc of California securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224 or by email to email@example.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
Submit Your Information
If you suffered a loss on your Banc of California, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.
An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.