NEW YORK, Dec. 02, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits have been initiated on behalf of US Bancorp shareholders USBFigures, Inc. FIGFreshworks Inc. FRESHand Enviva, Inc. Eve. Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.

U.S. Bancorp USB

Class Period: August 1, 2019 – July 28, 2022

Lead Plaintiff Deadline: December 27, 2022

US Bancorp (“Company”) is a Delaware corporation with headquarters in Minneapolis, Minnesota. US Bancorp offers a full suite of financial services, including credit and custody services, cash management, capital markets, and trustee and investment management services. It is also engaged in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. US Bancorp’s banking subsidiary, the US Bank National Association (“US Bank”), is engaged in general banking primarily in the domestic markets. US Bancorp is the publicly traded parent company of US Bank.

Throughout the Class Period, the defendants made materially false and misleading statements about the Company’s business, operational and compliance policies. Specifically, the Defendants provided false and/or misleading information and/or withheld the following: (a) The U.S. bank put selling pressure on its employees that caused them to open credit cards, lines of credit, and deposit accounts without the knowledge and consent of consumers ; (b) since at least 2015, US Bank, and thereby US Bancorp, has been aware of such unauthorized conduct and that it has violated relevant regulations and laws designed to protect its consumers; (c) US Bancorp’s failure to adequately monitor its employees for engaging in such illegal conduct, detecting and stopping the wrongdoing, and identifying and remedying harmed consumers; (d) all of the foregoing…