SAN DIEGO, Oct. 26, 2022 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been commenced on behalf of investors in US Bancorp (“US Bancorp” or the “Company”) (NYSE: USB). The class action is serving on behalf of shareholders who purchased US Bancorp securities between August 1, 2019 and July 28, 2022, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until December 26, 2022 to request the court to appear as lead plaintiff in this lawsuit.

What actions can I take at this time? If you have suffered a loss and would like to learn more about being a lead plaintiff, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. When emailing, please include your phone number.

To participate in this promotion you can click on the following link or copy and paste it into a browser:

https://www.johnsonfistel.com/investigations/us-bancorp-usb-class-action

There are no costs or obligations for you.

The complaint alleges that US Bancorp made false and misleading statements to the public regarding the company’s business, operational and compliance policies during the class-action period. In particular, the defendants provided false and misleading information and/or failed to disclose that: (a) the U.S. bank put selling pressure on its employees, causing them to open credit cards, lines of credit, and deposit accounts without the knowledge and consent of consumers ; (b) since at least 2015, US Bank, and thereby US Bancorp, has been aware of such unauthorized conduct as violating relevant regulations and laws protecting its consumers; (c) US Bancorp’s failure to adequately monitor its employees for engaging in such illegal conduct, detecting and stopping the wrongdoing, and identifying and remedying harmed consumers; (d) all of which have exposed the Company to a foreseeable risk of increased regulatory scrutiny or investigation; (e) US Bancorp’s earnings were in…