Investigation announced for Long-Term Investors who lost money with shares of U.S. Bancorp (NYSE: USB)

An investigation was announced for investors in shares of U.S. Bancorp (NYSE: USB) concerning potential breaches of fiduciary duties by certain directors and officers of U.S. Bancorp.

Investors who are current long term investors in U.S. Bancorp (NYSE: USB) 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 NYSE: USB stocks follows a lawsuit filed against U.S. Bancorp over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: USB stocks, concerns whether certain U.S. Bancorp 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 Southern District of New Yor the plaintiff alleges that 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.