SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors U.S. Bancorp - USB
ACCESS Newswire
15 Aug 2022, 00:31 GMT+10
NEW YORK, NY / ACCESSWIRE / August 14, 2022 / Pomerantz LLP is investigating claims on behalf of investors of U.S. Bancorp ('U.S. Bancorp' or the 'Company') (NYSE: USB). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether U.S. Bancorp and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 4, 2021, the Company announced an investigation by the Consumer Financial Protection Bureau ('CFPB') into its sales practices. Then, on July 29, 2022, U.S. Bancorp was fined by the CFPB for illegally accessing its customers' credit reports and opening checking and savings accounts, credit cards, and lines of credit without customers' permission.
On this news, U.S. Bancorp's stock price fell $0.92 per share, or almost 2%, to close at $47.20 per share on July 29, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
SOURCE: Pomerantz LLP
View source version on accesswire.com:
https://www.accesswire.com/712054/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-US-Bancorp--USB
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationUS debt limit raised, but spending bill fuels fiscal concerns
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
Shein hit with 40 million euro fine in France over deceptive discounts
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
Meta hires SSI CEO Gross as AI race intensifies among tech giants
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
Engine defect prompts Nissan to recall over 443,000 vehicles
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
Microsoft trims jobs to manage soaring AI infrastructure costs
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
Stocks worldwide struggle to make ground Friday with Wall Street closed
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
Nationals fire manager Dave Martinez, GM Mike Rizzo
(Photo credit: Mark J. Rebilas-Imagn Images) The Washington Nationals dismissed manager Dave Martinez and general manager Mike Rizzo...
Michael Lorenzen spins gem as Royals blank Diamondbacks
(Photo credit: Rick Scuteri-Imagn Images) Michael Lorenzen pitched seven scoreless innings and won for the first time in nearly a...
Mickey Moniak leads Rockies past White Sox
(Photo credit: Ron Chenoy-Imagn Images) Mickey Moniak finished a double shy of the cycle, Michael Toglia also went deep, and the...
Shane van Gisbergen cruises to victory at Chicago Street Race
(Photo credit: Daniel Bartel-Imagn Images) Road course ace Shane van Gisbergen roared to the lead on Lake Shore Drive and ran away...
Wizards acquire CJ McCollum, others in 3-team trade
(Photo credit: Bruce Kluckhohn-Imagn Images) The Washington Wizards completed a three-team trade on Sunday, acquiring guard CJ McCollum,...
Blue Jays place 2B Andres Gimenez (ankle) on 10-day IL
(Photo credit: Nick Turchiaro-Imagn Images) The Toronto Blue Jays placed second baseman Andres Gimenez on the 10-day injured list...
