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Class Action Cases

A class action has been filed on behalf of HDB Investors. Click "Join this Class Action" above.


HDFC Bank Limited

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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of HDFC Bank Limited (NYSE: HDB) from July 31, 2019 through July 10, 2020 (the “Class Period”). The lawsuit seeks to recover damages for HDFC Bank Limited investors under the federal securities laws.

If you bought HDFC Bank Limited securities between July 31, 2019 through July 10, 2020, and would like to join the action, please click “Join This Class Action,” above

Press Release

SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against HDFC Bank Limited – HDB

New York, N.Y., September 16, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of HDFC Bank Limited (NYSE: HDB) between July 31, 2019 and July 10, 2020, inclusive (the “Class Period”).

To join the HDB class action, go to http://zhanginvestorlaw.com/cases/hdfc-bank-limited/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

Lead plaintiff status is not required to seek compensation.  You may retain counsel of your choice.  You may remain an absent class member and take not action at this time.

According to the lawsuit,  throughout the Class Period (1) HDFC Bank had inadequate disclosure controls and procedures and internal control over financial reporting; (2) as a result, the Bank maintained improper lending practices in its vehicle-financing operations; (3) accordingly, earnings generated from the Bank’s vehicle-financing operations were unsustainable; (4) all the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Bank’s financial condition and reputation; and (5) as a result, the Bank’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 2, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/hdfc-bank-limited/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.