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Case Status:    DISMISSED    
On or around 09/21/2017 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: June 09, 2017

According to the Complaint, on April 5, 2017, the Board caused CU Bancorp to enter into an agreement and plan of merger (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, stockholders of CU Bancorp will receive $12.00 per share in cash and 0.5308 of a share of PacWest common stock.

On May 26, 2017, defendants filed a Form S-4 Registration Statement (the “Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

On September 20, 2017, Lead Plaintiff filed a stipulation to voluntarily dismiss this action without prejudice. On September 21, the case was dismissed.


Sector: Financial
Industry: Regional Banks
Headquarters: United States


Ticker Symbol: CUNB
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: C.D. California
DOCKET #: 17-CV-04303
JUDGE: Hon. Fernando M. Olguin
DATE FILED: 06/09/2017
CLASS PERIOD END: 06/09/2017
  1. Rigrodsky & Long, P.A.
  2. RM Law, P.C.
  3. WeissLaw LLP (Beverly Hills)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available