Business & Finance
Business and Finance
Business and Finance
Fri, March 18, 2011
Thu, March 17, 2011 Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of Wilshire Bancorp, Inc.
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the securities of Wilshire Bancorp, Inc. (aWilshire Bancorpa or the aCompanya) (NASDAQ:WIBC) between January 21, 2010 and March 16, 2011, concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company during that period regarding Wilshire Bancorpa™s business, operations and financial condition were false and misleading.
Wilshire Bancorp is the holding company for Wilshire State Bank, a California state-chartered bank. Specifically, the investigation pertains to the Companya™s announcement on March 16, 2011, that it had received additional information regarding its loan portfolio and determined that an additional $18.1 million provision for loan losses was required for the fourth quarter of 2010.
If you purchased Wilshire Bancorp securities between January 21, 2010 and March 16, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ www.howardsmithlaw.com ].
