SAN JUAN, Puerto Rico, April 12,
2018 /PRNewswire/ -- Quetglas Law Offices, P.S.C. ("QLO")
announced that on April 9, 2018, it
filed an amended securities class action lawsuit on behalf of
Jorge Ponsa-Rabell and other
investors against Santander Securities, LLC; Santander Bancorp;
Santander Holdings USA, Inc.;
Banco Santander Puerto Rico; and Banco Santander S.A. (jointly
"Santander") (NYSE: SAN). The action, which is captioned
Jorge Ponsa-Rabell, et al. vs.
Santander Securites, LLC, et al., 17-cv-02243-CCC (D. P.R.),
asserts that during the period from December
2012 through October 2013,
that is from December 1, 2012 through
October 31, 2013 (the "Class
Period"), through the omission or concealment of material facts, in
violation of the federal securities laws, Santander solicited and
caused the Plaintiffs and other putative Class members (the
"Class") to purchase over $180
million worth of Puerto Rico Municipal Bonds ("PRMBs") and
$101 million worth of Puerto Rico
Closed End Funds ("PRCEFs" or "CEFs") and other Open-End Puerto
Rico Funds ("PROEFs") (collectively "PR securities"). The action
alleges that, as a result of the foregoing, Class members sustained
severe economic losses.
If you wish to serve as Lead Plaintiff for the Class, you must
file a motion with the Court no later than 60 days from
today. Accordingly, the deadline for filing a motion for
appointment as Lead Plaintiff is June
11, 2018. Any member of the proposed Class may move
the Court by the above deadline to serve as Lead Plaintiff through
counsel of their choice, or may choose to do nothing and remain a
member of the proposed Class.
If you wish to discuss this Action or have any questions
concerning this notice or your rights or interests, please contact
Eric Quetglas-Jordán of QLO at 787-722-0635, or by email at
QuetglasLaw@gmail.com. Information about QLO can be found
online at www.QuetglasLawPSC.com.
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SOURCE Quetglas Law Offices, P.S.C.