NASDAQ: FITB Shareholder Notice: Lawsuit Alleges Securities Laws Violations by Fifth Third Bancorp
A lawsuit was filed on behalf of investors in Fifth Third Bancorp (NASDAQ: FITB) shares over alleged securities laws violations.
San Diego, CA -- (SBWire) -- 04/20/2020 --An investor, who purchased shares of Fifth Third Bancorp (NASDAQ: FITB), filed a lawsuit over alleged violations of Federal Securities Laws by Fifth Third Bancorp.
Investors who purchased shares of Fifth Third Bancorp (NASDAQ: FITB) have certain options and for certain investors are short and strict deadlines running. Deadline: June 8, 2020. NASDAQ: FITB investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff claims that between February 26, 2016, and March 6, 2020, the defendants made false and/or misleading statements and/or failed to disclose that as a result of Fifth Third Bank's aggressive incentive policies to promote its cross-sell strategy, Fifth Third Bank employees engaged in unauthorized conduct with customer accounts, that since at least 2008, Fifth Third Bank, and by extension, Fifth Third, was aware of such unauthorized conduct and, thus, that it was violating relevant regulations and laws aimed at protecting its consumers, that Fifth Third failed to properly implement and monitor its cross-sell program, detect and stop misconduct, and identify and remediate harmed consumers, that all the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny or investigation, that Fifth Third's revenues were in part the product of unlawful conduct and thus unsustainable, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Fifth Third Bancorp (NASDAQ: FITB) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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