Press release
Investigation announced for Long-Term Investors in shares of First Republic Bank (NYSE: FRC) Long over possible Wrongdoing
An investigation on behalf of current long term investors in First Republic Bank (NYSE: FRC) shares.
Investors who are current long term investors in First Republic Bank (NYSE: FRC) 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: FRC stocks follows a lawsuit filed against First Republic Bank over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: FRC stocks, concerns whether certain First Republic Bank 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 Northern District of California the plaintiff alleges that, the defendants misrepresented the strength of First Republic's balance sheet, liquidity, and position in the market, that among other things, Defendants understated and concealed the magnitude of the risks facing the Company's business model that would result from any decision by the Federal Reserve System raising the federal funds rate, thereby undermining the value of the Company's loan and securities portfolios and liquidity, and that as a result of Defendants' misrepresentations and omissions, First Republic securities traded at artificially inflated prices between January 14, 2021, and March 14, 2023.
Those who purchased shares of First Republic Bank (NYSE: FRC) 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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