Metro Bank PLC
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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Metro Bank PLC (OTC: MBNKF) from March 6, 2018 through May 1, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Metro Bank investors under the federal securities laws.
If you bought Metro Bank securities from March 6, 2018 through May 1, 2019 and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against Metro Bank PLC – MBNKF
New York, N.Y., June 10, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Metro Bank PLC (OTC: MBNKF) from March 6, 2018 through May 1, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Metro Bank investors under the federal securities laws.
To join the Metro Bank class action, go to http://zhanginvestorlaw.com/cases/metro-bank-plc/ or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Metro Bank misclassified the risk terms of many of its loans; (2) accordingly, Metro Bank failed to maintain sufficient capital; (3) this conduct would lead to investigations by the Prudential Regulation Authority and Financial Conduct Authority; (4) this conduct would also lead to the reduction of deposits at Metro Bank from larger commercial and partnership clients; and (5) as a result, defendants’ public statements were materially false and/or 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 July 29, 2019. 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/metro-bank-plc/ 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 email@example.com.
Zhang Investor Law represents investors worldwide.