Press release
Investigation announced for Investors in shares of KeyCorp (NYSE: KEY)
An investigation on behalf of current long term investors in KeyCorp (NYSE: KEY) shares over possible breaches of fiduciary duty.
Investors who are current long term investors in KeyCorp (NYSE: KEY) 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 investors in NYSE: KEY stocks follows a lawsuit filed against KeyCorp over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: KEY stocks, concerns whether certain KeyCorp 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 Ohio the plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that KeyCorp downplayed concerns with its liquidity while overstating the effectiveness of its long-term liquidity strategy, that KeyCorp overstated its projected NII for the second quarter ("Q2") and full year ("FY") of 2023, as well as related positive NII drivers, while downplaying negative NII drivers, that as a result, KeyCorp was likely to negatively revise its previously issued NII guidance, that all the foregoing, once revealed, was likely to negatively impact KeyCorp 's business, financial results, and reputation, and that as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
Those who purchased shares of KeyCorp (NYSE: KEY) 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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