The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of Citizens Financial Group, Inc. Shareholders & a Lea...
June 06 2017 - 11:31AM
Business Wire
The Klein Law Firm announces that a class action complaint has
been filed on behalf of shareholders of Citizens Financial Group,
Inc. (NYSE: CFG) who purchased shares between March 18, 2016 and March 29,
2017. The action, which was filed in the United States
District Court for the Southern District of New York, alleges that
the Company violated federal securities laws.
In particular, the complaint alleges that throughout the Class
Period, defendants made materially false and/or misleading
statements and/or failed to disclose that (1) Company employees
were falsifying information related to the Citizens Checkup
program; (2) as a result, the Company’s reported Citizens Checkup
figures were inflated; and (3) as a result of the foregoing,
Defendants’ statements about Citizens’ business, operations, and
prospects, were false and misleading and/or lacked a reasonable
basis.
On March 29, 2017, the Wall Street Journal (“WSJ”) reported that
certain Citizens employees admitted that employees faked “financial
checkup” meetings with customers. According to the WSJ, former
employees said they falsified information because of pressure to
meet expectations related to the program.
Shareholders have until June 26, 2017 to petition the
court for lead plaintiff status. Your ability to share in any
recovery does not require that you serve as lead plaintiff. You may
choose to be an absent class member.
If you suffered a loss during the class period and wish to
obtain additional information, please contact Joseph Klein, Esq. by
telephone at 212-616-4899 or visit
http://www.kleinstocklaw.com/pslra-sa/citizens-financial-group-inc?wire=2.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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The Klein Law FirmJoseph Klein, Esq.Telephone: 212-616-4899Fax:
347-558-9665www.kleinstocklaw.com
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