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Deadline on May 15th coming up in Lawsuit for Investors in shares of Signature Bank (NASDAQ: SBNY) 2023

04-27-2023 04:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on May 15, 2023 in the lawsuit for certain investors in Signature Bank (NASDAQ: SBNY).

A Deadline is coming up on May 15, 2023 in the lawsuit for certain investors in Signature Bank (NASDAQ: SBNY).

A deadline is coming up on May 15, 2023 in the lawsuit filed for certain investors of Signature Bank (NASDAQ: SBNY) over alleged securities laws violations by Signature Bank.

Investors who purchased shares of Signature Bank (NASDAQ: SBNY) have certain options and there are strict and short deadlines running. Deadline: May 15, 2023. NASDAQ: SBNY 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 Eastern District of New York the plaintiff alleges on behalf of purchasers of Signature Bank (NASDAQ: SBNY) common shares between March 2, 2023 and March 12, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 2, 2023 and March 12, 2023, the defendants made false and/or misleading statements and/or failed to disclose, among other things, that Signature Bank did not have the strong fundamentals that it represented itself as having in the days immediately prior to its takeover, or otherwise took action that left it susceptible to a takeover by the New York Department of Financial Services ("DFS"), that as a result, it became a target for regulatory action by the DFS, and that as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of Signature Bank (NASDAQ: SBNY) 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.

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