Deadline on August 22nd coming up in Lawsuit for certain Investors in shares of Arrow Financial Corporation (NASDAQ: AROW) I

The Shareholders Foundation announced that a deadline is coming up on August 22, 2023 in the lawsuit filed for certain investors of Arrow Financial Corporation (NASDAQ: AROW).

Investors who purchased shares of Arrow Financial Corporation (NASDAQ: AROW) have certain options and there are strict and short deadlines running. Deadline: August 22, 2023. NASDAQ: AROW 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 Northern District of New York the plaintiff alleges on behalf of purchasers of Arrow Financial Corporation (NASDAQ: AROW) common shares between March 12, 2022 and May 12, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 12, 2022 and May 12, 2023, the Defendants made false and/or misleading statements and/or failed to disclose that Arrow Financial Corporation maintained defective disclosure controls and procedures and internal controls over financial reporting, that the foregoing increased the risk that the Company could not timely file one or more of its periodic financial reports with the SEC as required by the NASDAQ's listing requirements, that accordingly, Arrow was at an increased risk of being delisted from the NASDAQ, that following the disclosure of deficiencies in the Company's disclosure controls and procedures and internal controls over financial reporting, Arrow Financial Corporation downplayed the severity of these issues and the associated risks, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Arrow Financial Corporation (NASDAQ: AROW) have certain options and should contact the Shareholders Foundation.

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 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.