Deadline on December 27th coming up in Lawsuit for Investors in U.S. Bancorp (NYSE: USB)

A deadline is coming up on December 27, 2022 in the lawsuit filed for certain investors of U.S. Bancorp (NYSE: USB).

Investors who purchased shares of U.S. Bancorp (NYSE: USB) have certain options and there are strict and short deadlines running. Deadline: December 27, 2022. NYSE: USB stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of U.S. Bancorp (NYSE: USB) common shares between August 1, 2019 and July 28, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 1, 2019 and July 28, 2022, the defendants made false and/or misleading statements and/or failed to disclose that U.S. Bank created sales pressure on its employees that led them to open credit cards, lines of credit, and deposit accounts without consumers' knowledge and consent, that since at least 2015, U.S. Bank and by extension, U.S. Bancorp, was aware of such unauthorized conduct and that it was violating relevant regulations and laws aimed at protecting its consumers, that U.S. Bancorp failed to properly monitor its employees from engaging in such unlawful conduct, detect and stop the misconduct, and identify and remediate harmed consumers, that all the foregoing subjected U.S. Bancorp to a foreseeable risk of heightened regulatory scrutiny or investigation, and that U.S. Bancorp's revenues were in part the product of unlawful conduct and thus unsustainable.

Those who purchased shares of U.S. Bancorp (NYSE: USB) have certain options and should contact the Shareholders Foundation.

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

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 lawsuits, 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.

This release was published on openPR.