BPOP Popular Inc

Milberg LLP is investigating possible illegal conduct relating to the Popular, Inc. Puerto Rico Savings and Investment Plan (the "Plan") arising from facts alleged in a class action complaint filed in the United States District Court for the District of Puerto Rico against Popular, Inc. ("Popular" or the "Company") (NASDAQ: BPOP). Specifically, Milberg LLP is investigating whether certain fiduciaries of the Plan may have violated the Employee Retirement Income Security Act of 1974 ("ERISA"). Violations may have occurred in at least two ways: (1) by continuing to offer and maintain Popular common stock as a Plan investment when it was imprudent to do so, and (2) by failing to disclose Popular's true financial condition to the Plan's participants.

According to the complaint, defendants failed to disclose material adverse facts concerning Popular's true financial condition, business and prospects. Specifically, the complaint alleges that defendants failed to disclose among other facts: "(a) that the Company's deferred tax assets related to its U.S. operations were materially overstated; (b) that the Company was experiencing increasing loan losses in Puerto Rico and the U.S. construction sectors; (c) that the quality of the Company's remaining mortgage-related loans in its U.S. mainland portfolios and other assets were deteriorating and were materially overstated; (d) that the Company was experiencing a higher percentage of non-performing loans; (e) that the Company's new loan originations were declining; and (f) as a result of the foregoing, the Company would soon be facing liquidity concerns and would be forced to cut or eliminate its dividend to shareholders."

If you have or had an individual account with the Popular, Inc. Puerto Rico Savings and Investment Plan, and your account(s) holds or held Popular common stock, you may have legal claims under ERISA.

Milberg LLP has been representing individual and institutional investors for nearly 40 years and serves as lead counsel in U.S. federal and state courts. Please visit the Milberg website (http://www.milberg.com) for more information about the firm. If you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact the following attorneys:

Lori G. Feldman Milberg LLP One Pennsylvania Plaza, 49th Fl. New York, NY 10119-0165 Phone number: (800) 320-5081 Email: contactus@milberg.com Website: http://www.milberg.com Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.