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Investigation for Longtime Investors in shares of Metro Bank PLC (OTC: MBNKF) announced

10-02-2019 05:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Metro Bank PLC (OTC: MBNKF) shares.

An investigation on behalf of current long term investors in Metro Bank PLC (OTC: MBNKF) shares.

An investigation was announced for investors in shares of Metro Bank PLC (OTC: MBNKF) concerning potential breaches of fiduciary duties by certain directors of Metro Bank PLC was announced.

Investors who are current long term investors in Metro Bank PLC (OTC: MBNKF) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in Metro Bank PLC (OTC: MBNKF stocks follows a lawsuit filed against Metro Bank PLC (OTC: MBNKF over alleged securities laws violations. The investigation on behalf of investors in Metro Bank PLC (OTC: MBNKF stocks, concerns whether certain Metro Bank PLC (OTC: MBNKF officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Metro Bank misclassified the risk terms of many of its loans, that accordingly, Metro Bank failed to maintain sufficient capital, that this conduct would lead to investigations by the Prudential Regulation Authority and Financial Conduct Authority, that this conduct would also lead to the reduction of deposits at Metro Bank from larger commercial and partnership clients, and that as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of Metro Bank PLC (OTC: MBNKF) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

Contact:
Shareholders Foundation, Inc.
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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