US Bancorp Class Action Lawsuit USB | Deadline December 27, 2022
Announcement! On behalf of investors who bought US Bancorp securities (US Bancorp class action lawsuit) has been launched. securities issued by Bancorp (USB) between August 1 and July 28, 2022.
As stated by the US In the Bancorp action, the Defendants made false and/or misleading representations during the Class Period and/or omitted to disclose that:
(a) US Bank forced its staff to open credit cards, credit lines, and deposit accounts without the knowledge or approval of the customers;
(b) At least since 2015, the US Bank, and consequently, the US Bancorp was aware of this improper behavior and knew it was breaking the relevant rules and laws intended to safeguard its customers;
(c) US Bancorp did not adequately supervise its employees to prevent them from engaging in such illegal activity, to identify and halt the misconduct, or to identify and make amends for damaged customers;
(d) all of the aforementioned put the Company at an increased risk of regulatory attention or investigation;
(e) The illegal activity that contributed to a portion of US Bancorp’s revenues made them unsustainable;
(f) Therefore, at all material times, the Company’s public statements were materially false and misleading.
If you experienced a loss in the US Bancorp, you have until December 27, 2022, to ask the court to recognize you as the lead plaintiff. You are not required to be the primary plaintiff to be entitled to a portion of any recovery.
US Bancorp Class Action Lawsuit (USB Lawsuit)
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