U.S. BANCORP 48 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuit Against U.S. Bancorp
NEW ORLEANS, LA / ACCESSWIRE / December 27, 2022 / Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until
NEW ORLEANS, LA / ACCESSWIRE / December 27, 2022 / Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 27, 2022 to file lead plaintiff applications in a securities class action lawsuit against U.S. Bancorp USB, if they purchased the Company's securities between August 1, 2019 and July 28, 2022, inclusive (the "Class Period").
This action is pending in the United States District Court for the Southern District of New York.What You May DoIf you purchased securities of U.S. Bancorp and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (EMAIL), or visit URL to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by December 27, 2022.About the LawsuitU.S.
Bancorp and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.On July 28, 2022, the Consumer Financial Protection Bureau fined the Company $37.5 million for a range of unlawful acts and practices including opening unauthorized accounts and unlawfully accessing customers' credit reports and personal data in violation of the Truth in Lending Act, the Fair Credit Reporting Act, the Truth in Savings Act, and the Consumer Financial Protection Act. On this news, shares of U.S. Bancorp stock fell approximately 4% to a closing price of $46.12 per share.The case is The Buhrke Family Revocable Trust v.
U.S. Bancorp, et al., 22-cv-09174.About Kahn Swick & Foti, LLCKSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms.
KSF serves a variety of clients - including public institutional investors, hedge funds, money managers and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.To learn more about KSF, you may visit URL .Contact:Kahn Swick & Foti, LLCLewis Kahn, Managing EMAIL-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163SOURCE: Kahn Swick & Foti, LLCView source version on accesswire.com: URL