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Investigation announced for Investors in shares of Sterling Bancorp, Inc. (NASDAQ: SBT) over potential Wrongdoing

06-02-2020 06:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Sterling Bancorp, Inc. (NASDAQ: SBT) shares.

An investigation on behalf of current long term investors in Sterling Bancorp, Inc. (NASDAQ: SBT) shares.

An investigation on behalf of current long-term investors in shares of Sterling Bancorp, Inc. (NASDAQ: SBT) was announced concerning potential breaches of fiduciary duties by certain directors and officers of Sterling Bancorp, Inc..

Investors who are current long term investors in Sterling Bancorp, Inc. (NASDAQ: SBT) 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 current long term investors in NASDAQ: SBT stocks follows a lawsuit filed against Sterling Bancorp, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SBT stocks, concerns whether certain Sterling Bancorp directors are liable in connection with the allegations made in that lawsuit.

According to the complaint the plaintiff alleges on behalf of investors of Sterling Bancorp, Inc. (NASDAQ: SBT) who purchased shares of Sterling Bancorp, Inc. (NASDAQ: SBT) in connection with the Company's initial public offering ("IPO") and/or between November 17, 2017 through and including December 8, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the defendants made untrue statements of material fact and omitted other facts necessary to make the statements not misleading and failed to disclose material facts concerning, inter alia, the Company's loan underwriting, risk management and internal controls, including repeatedly touting its strict underwriting, asset quality and the Advantage Loan Program.

Those who purchased shares of Sterling Bancorp, Inc. (NASDAQ: SBT) have certain options and should contact the Shareholders Foundation.

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

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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