SAN FRANCISCO, March 15, 2023 (GLOBE NEWSWIRE) — Hagens Berman is pushing for Signature Bank SBNY Investors who have suffered significant losses Submit your losses now.
Signature Bank (SBNY) Securities Fraud Class Action:
The litigation centers on Signature Bank’s repeated assurances that it was in a strong financial position.
According to the complaint, the defendants made misleading statements and failed to disclose the following: (1) Signature Bank did not have the strong fundamentals it claimed; and (2) the bank took actions that made it vulnerable to a takeover by the New York Department of Financial Services (“DFS”).
Investors learned the truth on March 12, 2023, when DFS announced that to protect Signature Bank depositors, DFS had taken ownership of the bank and appointed the Federal Deposit Insurance Corporation as the bank’s receiver.
“We are focused on investor losses and proving that Signature Bank lied about the adequacy of its liquidity and regulatory capital,” said Reed Kathrein, the partner at Hagens Berman who led the investigation.
If you have invested in Signature Bank and are experiencing significant losses or have knowledge that may assist the firm’s investigations, Click here to discuss your legal rights with Hagens Berman.
Whistleblower: Those with nonpublic information about Signature Bank should consider their options to assist in the investigation or use the SEC’s whistleblower program. Under the new program, whistleblowers who provide original information can receive rewards totaling up to 30 percent of each successful recovery by the SEC. For more information, call Reed Kathrein at 844-916-0895 or E-Mail SBNY@hbsslaw.com.
About Hagens Bermann
Hagens Berman is a global plaintiffs’ rights litigation firm focused on corporate accountability through class actions. The firm has a solid securities disputes practice, representing investors as well as whistleblowers, employees, consumers and others in cases where they…
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