Scott+Scott, Attorneys at Law, LLP Is Investigating Derivative Claims on Behalf of Shareholders of Banc of California, Inc. (BANC)

NEW YORK, Oct. 26, 2017

Banc of California provides commercial banking and home lending services in California.

On October 18, 2016, a blog post on SeekingAlpha alleged improper relationships between Jason Galanis, a Los Angeles financier and twice-convicted securities fraudster, and the Company's senior managers, including Steven Sugarman, then Banc of California's Chief Executive Officer, and Chad Brownstein, then Banc of California's Lead Independent Director.

In January 2017, a class action was brought in California federal court on behalf of investors, related to the Company's nondisclosure of these alleged improper ties.  On September 6, 2017, that court denied defendants' motion to dismiss, allowing the case to move forward, particularly regarding Sugarman's alleged ties to Galanis.

Scott+Scott is investigating the activities of the Company's Board of Directors in examining the alleged related party transactions and self-dealing, including an "independent investigation" supposedly undertaken by the Company.

What You Can Do

If you are a Banc of California shareholder, you may have legal claims against Banc of California's officers and directors.  If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew at (844) 818-6982, or at jpettigrew@scott-scott.com.