NEW
YORK, May 12, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Signature Bank (OTC PINK:
SBNY).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/signature-bank-class-action-submission-form/?id=39265&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Signature between March 23,
2020 and March 12, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
May 15, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Signature Bank issued materially
false and/or misleading statements and/or failed to disclose that:
(1) Signature Bank did not have the strong fundamentals that it
represented itself as having in the days immediately prior to its
takeover, or otherwise took action that left it susceptible to a
takeover by the New York Department of Financial Services ("DFS");
(2) as a result, it became a target for regulatory action by the
DFS, and (3) as a result, defendants' public statements were
materially false and/or misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law