NEW YORK, November 28, 2022 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of United States Bancorp.
Shareholders who purchased shares of USB during the Class Period are encouraged to contact the company regarding the potential appointment of a lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.
CONTACT US HERE:
COURSE PERIOD: August 1, 2019 at July 28, 2022
ALLEGATIONS: The Complaint alleges that during the Class Period, the Defendants made materially false and/or misleading statements and/or failed to disclose that: (a) the U.S. bank created commercial pressure on its employees that led to the opening of credit cards, lines of credit and deposit accounts without the knowledge or consent of consumers; (b) since at least 2015, US Bank and, by extension, US Bancorp, knew of such unauthorized behavior and that it violated relevant regulations and laws designed to protect its consumers; (c) US Bancorp failed to properly monitor its employees against engaging in such unlawful conduct, failed to detect and stop misconduct, and failed to identify and remedy harmed consumers; (d) any of the foregoing has subjected the Company to a foreseeable risk of increased regulatory scrutiny or investigation; (e) US Bancorp’s revenues were partly the product of illegal behavior and therefore unsustainable; and (f) as a result, the Company’s public statements were materially false and misleading at all material times.
DEADLINE: December 27, 2022 Shareholders should not delay in registering for this class action. Submit your information here: https://securitiesclasslaw.com/securities/us-bancorp-loss-submission-form/?id=33950&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you have registered as a shareholder who has purchased shares of USB during the period stated above, you will be enrolled in portfolio tracking software to provide you with status updates throughout the business life cycle. The deadline to apply to be a principal applicant is December 27, 2022. There is no cost or obligation for you to participate in this deal.
WHY BRUT CABINET D’AVOCATS? Gross Law Firm is a nationally recognized law firm, and our mission is to protect the rights of all investors who have suffered as a result of deception, fraud, and illegal business practices. Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company have caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.
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