U.S. BANCORP INVESTORS: December 27 Plaintiff Deadline in Securities Class Action

U.S. BANCORP INVESTORS: December 27 Plaintiff Deadline in Securities Class Action - Contact Lieff Cabraser

ACCESSWIRE
30 Nov 2022, 00:43 GMT+10

SAN FRANCISCO, CA / ACCESSWIRE / November 29, 2022 / National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP recommends that U.S. Bancorp (or the 'Company') investors who suffered losses from buying or sellingU.S. Bancorp securities (NYSE:USB) between August 1, 2019 and July 28, 2022 contact our securities fraud practice group attorneys immediately for details regarding the pending securities fraud class action against U.S. Bancorp. The last day to apply to be a lead plaintiff is December 27, 2022.

Lieff Cabraser Heimann & Bernstein, Tuesday, November 29, 2022, Press release picture

Class Period: August 1, 2019 - July 28, 2022

Lead Plaintiff Motion Deadline: December 27, 2022

Case information: https://www.lieffcabraser.com/securities/us-bancorp

Contact us: Email or text investorinfo@lchb.com or call 1-800-541-7358

The securities class action alleges that U.S. Bancorp made materially false and misleading statements and failed to disclose that the Company's subsidiary, U.S. Bank, secretly and improperly pressured its employees to open sham accounts for consumers, thereby exposing the Company to significant risk of regulatory scrutiny and actions.

On July 28, 2022, the Consumer Financial Protection Bureau issued a Consent Order and fined U.S. Bank $37.5 million for opening unauthorized accounts in consumers' names, without their consent or knowledge. On this news, the price of U.S. Bancorp shares fell $2.09, or 4.34%, to close at $46.12 per share on July 28, 2022, on elevated trading volume.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with over 100 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a 'Plaintiffs' Powerhouse' by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $124 billion in verdicts and settlements. Lieff Cabraser is committed to ensuring access to justice for all.

SOURCE: Lieff Cabraser Heimann & Bernstein

View source version on accesswire.com:
https://www.accesswire.com/727839/US-BANCORP-INVESTORS-December-27-Plaintiff-Deadline-in-Securities-Class-Action-Contact-Lieff-Cabraser

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kansas City Post.

More Information

61 ℉

Fair in Kansas City/Downtown

International

Section

Bidens in trouble as Hunter is hit with 9 new charges

WASHINGTON DC - In a major blow to U.S. President Joe Biden, less that a year out from the November ...

Remains of 5 crew, Osprey aircraft found by US, Japanese divers

TOKYO, Japan: This week, the U.S. Air Force said that divers have discovered the wreckage and the remains of five ...

South Korea follows North Korea, launches first spy satellite

VANDENBERG, California: South Korea successfully launched its inaugural military spy satellite, following North Korea's recent claim of deploying its own ...