PacWest Wants Suit Over Alleged Rate Hike Exposure Axed

[Gunnar Larson]

PacWest Wants Suit Over Alleged Rate Hike Exposure Axed
<https://www.law360.com/banking/articles/1828054?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-04-23&read_main=1&nlsidx=0&nlaidx=1>

By Katryna Perera

PacWest Bancorp has urged a California federal judge to toss a proposed
class action from an investor who alleges the California regional bank
ignored warning signs posed by last year's collapse of Silicon Valley Bank,
saying the fact that it did not anticipate the "unprecedented turmoil in
the banking industry" is not a violation of federal securities laws.

 Memorandum attached | Read full article »
<https://www.law360.com/banking/articles/1828054?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-04-23&read_more=1&nlsidx=0&nlaidx=1>
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