NEW YORK, October 29, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of US Bancorp (NYSE: USB) securities between August 1, 2019 and July 28, 2022, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than December 27, 2022.
SO WHAT: If you purchased US Bancorp securities during the Class Period, you may be entitled to compensation without payment of disbursements or fees through a contingency fee arrangement.
WHAT TO DO NEXT: To join the US Bancorp class action, go to https://rosenlegal.com/submit-form/?case_id=9420 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than December 27, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) the US Bank National Association (the banking subsidiary of US Bancorp ) created commercial pressure on its employees that caused them to open credit cards, lines of credit and deposit accounts without the knowledge or consent of consumers; (2) since at least 2015, the US Bank National Association and, by extension, US Bancorp, knew of such unauthorized conduct that it violated relevant regulations and laws designed to protect its consumers; (3) US Bancorp failed to properly monitor its employees against engaging in such illegal behavior, failed to detect and stop misconduct, and failed to identify and remedy harmed consumers; (4) any of the foregoing would subject the Company to foreseeable risk of increased regulatory scrutiny or investigation; (5) US Bancorp’s revenues were partly the product of illegal behavior and therefore unsustainable; and (6) as a result, the defendants’ public statements were materially false and misleading at all relevant times. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the US Bancorp class action, go to https://rosenlegal.com/submit-form/?case_id=9420 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, Pennsylvania