NEW YORK, Dec. 11, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Banc of California, Inc. ("Banc of California" or the "Company") (NYSE: BANC). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/banc.
The investigation concerns whether Banc of California and certain of its officers and/or directors have violated Sections federal securities laws.
On December 8, 2017, Bloomberg reported that a former Banc of California employee had filed a lawsuit against the bank alleging, in part, that: (1) revenue generated by the Company in 2016 was improperly carried over to the following year in order to inflate 2017 profits; and that (2) the Company had ignored its former Chief Financial Officer's use of Company funds to patronize strip clubs. Following this news, Banc of California stock dropped $0.60 per share, or 2.76%, to close at $21.15 on December 8, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Banc of California, you can assist this investigation by visiting the firm's site: www.bgandg.com/banc. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
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