San Diego, CA -- (SBWIRE) -- 05/03/2023 -- The Shareholders Foundation announced that a deadline is coming up on May 15, 2023 in the lawsuit filed for certain investors of Signature Bank (NASDAQ: SBNY).

Investors who purchased shares of Signature Bank (NASDAQ: SBNY) have certain options and there are strict and short deadlines running. Deadline: May 15, 2023. NASDAQ: SBNY stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Signature Bank (NASDAQ: SBNY) common shares between March 2, 2023 and March 12, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 2, 2023 and March 12, 2023, the defendants made false and/or misleading statements and/or failed to disclose, among other things, that 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"), that as a result, it became a target for regulatory action by the DFS, and that as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Those who purchased shares of Signature Bank (NASDAQ: SBNY) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
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.