NEW YORK, April 02, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Western Alliance Bancorporation WHALE following allegations that Western Alliance may have disclosed materially misleading business information to the investing public.

SO WHAT: If you have purchased Western Alliance securities, you may be entitled to compensation without paying out-of-pocket expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=12994 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email pkim@rosenlegal.com or cases@rosenlegal.com for information about the Class Action.

WHAT IS THIS ABOUT: on March 10, 2023, Business Insider Western Alliance shares have plummeted after Silicon Valley Bank lost $1.8 billion. The company released financial updates that revealed “growing deposits and strong liquidity in the form of $2.5 billion in cash on its balance sheet, a $13.1 billion fully secured credit facility and $4.6 billion of uncommitted lines of credit Show US Dollars”.

As a result of this news, Western Alliance’s price fell $13.02 per share, or 20%, to close at $49.34 per share on March 10, 2023.

WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Frequently, companies that issue notices do not have comparable experience, resources, or meaningful recognition from peers. Many of these firms do not conduct securities class action lawsuits. Be wise in choosing a lawyer. The Rosen law firm represents investors worldwide and focuses its practice on securities class actions and shareholder derivatives litigation. Rosen Law Firm has achieved the largest-ever securities class-action settlement against a Chinese company. The Rosen law firm was…