NEW
YORK, Nov. 28, 2022 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of U.S.
Bancorp.
Shareholders who purchased shares of USB during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/u-s-bancorp-loss-submission-form/?id=33950&from=4
CLASS PERIOD: August 1,
2019 to July 28, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (a) U.S. Bank created
sales pressure on its employees that led them to open credit cards,
lines of credit, and deposit accounts without consumers' knowledge
and consent; (b) since at least 2015, U.S. Bank and by extension,
U.S. Bancorp, was aware of such unauthorized conduct and that it
was violating relevant regulations and laws aimed at protecting its
consumers; (c) U.S. Bancorp failed to properly monitor its
employees from engaging in such unlawful conduct, detect and stop
the misconduct, and identify and remediate harmed consumers; (d)
all the foregoing subjected the Company to a foreseeable risk of
heightened regulatory scrutiny or investigation; (e) U.S. Bancorp's
revenues were in part the product of unlawful conduct and thus
unsustainable; and (f) as a result, the Company's public statements
were materially false and misleading at all relevant times.
DEADLINE: December 27, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/u-s-bancorp-loss-submission-form/?id=33950&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of USB during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is December 27, 2022. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm