New Orleans – (business wire)–Kahn Swick & Foti, LLC (“KSF”) and Charles C. Foti, Jr., a partner of KSF and former Louisiana Attorney General, to investors, December 27, 2022 If you purchased any of our securities between August 1, 2019 and July 28, 2022 (the “Class Period”), you have filed a lead plaintiff application in a securities class action against US Bancorp (NYSE: USB). to do. The lawsuit is pending in the United States District Court for the Southern District of New York.
what you can do
If you purchase US Bancorp securities and wish to discuss your legal rights and how this case may affect you and your right to recover financial loss, you may, without liability or cost, contact KSF You can contact Louis Kahn, Managing Partner of . Contact us toll-free at 1-877-515-1850 or email us at lewis.kahn@ksfcounsel.com or visit https://www.ksfcounsel.com/cases/nyse-usb/ to learn more please give me. If you wish to serve as the lead plaintiff in this class action, you must petition the Court in the following manner: December 27, 2022.
About litigation
US Bancorp and some of its executives have been charged with failing to disclose material information during a class action lawsuit in violation of federal securities laws.
On July 28, 2022, the Consumer Financial Protection Bureau enforced the Lending Act, Fair Credit Act, against various illegal acts and practices, such as fraudulent account opening, illegal access to customers’ credit reports and personal data. Fined us $37.5 million for violating the law. Reporting Law, Truth in Savings Law, and Consumer Financial Protection Law.
US Bancorp’s stock price dropped about 4% on the news, closing at $46.12 per share.
the case is The Buhrke Family Revocable Trust v. US Bancorp, et al., 22-cv-09174.
About Kahn Swick & Foti, LLC
Partnered with former Louisiana Attorney General Charles C. Foty Jr., KSF is one of the nation’s leading boutique securities litigation law firms. KSF serves a variety of clients, including public institutional investors, hedge funds, money managers and individual investors, seeking recovery of investment losses resulting from corporate fraud and fraud by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
For more information about KSF, please visit www.ksfcounsel.com.
