Investigation announced for Long-Term Investors in shares of New York Community Bancorp, Inc. (NYSE: NYCB) over possible Wrongdoing by certain directors

An investigation was announced on behalf of current long-term investors in shares of New York Community Bancorp, Inc. (NYSE: NYCB) concerning potential breaches of fiduciary duties by certain directors and officers of New York Community Bancorp, Inc.

Investors who are current long term investors in New York Community Bancorp, Inc. (NYSE: NYCB) 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: NYCB stocks follows a lawsuit filed against New York Community Bancorp, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: NYCB stocks, concerns whether certain New York Community Bancorp, Inc. 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 Eastern District of New York the plaintiff alleges that the Defendants failed to disclose to investors that the Company was experiencing higher net charge-offs and deterioration in its office portfolio, that, as a result, NYCB was reasonably likely to incur higher loan losses, that, as a result of the foregoing and NYCB's status as Category IV bank, the Company was reasonably likely to increase its allowance for credit losses, that the Company's financial results would be adversely affected, that, to preserve capital, the Company would reduce quarterly common dividend to $0.05 per common share, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of New York Community Bancorp, Inc. (NYSE: NYCB) 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.