NEW ORLEANS, Nov. 15, 2022 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they still have time December 27, 2022 Lead plaintiff motions in a securities class action lawsuit against US Bancorp (NYSE: USB) if they purchased the Company’s securities between August 1, 2019 and July 28, 2022 inclusive (the “Class Period”). This lawsuit is pending in the United States District Court for the Southern District of New York.
What you can do
If you have purchased US Bancorp securities and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you can contact KSF Managing Partner Lewis Kahn at no obligation or cost to you. toll free at 1-877-515-1850 or email ([email protected]) or visit us https://www.ksfcounsel.com/cases/nyse-usb/ to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must petition the court December 27, 2022.
About the lawsuit
US Bancorp and certain of its officers are alleged to have failed to disclose material information during the Class Period in violation of federal securities laws.
On July 28, 2022, the Consumer Financial Protection Bureau fined the company $37.5 million for a number of unlawful acts and practices, including opening unauthorized accounts and unlawfully accessing customer credit reports and personal information Violating the Truth in Lending Act, the Fair Credit Reporting Act, the Truth in Saving Act and the Consumer Financial Protection Act.
On the news, US Bancorp shares fell about 4% to close at $46.12 per share.
The case is The Buhrke Family Revocable Trust v. US Bancorp, et al., 22-cv-09174.
About Kahn Swick & Foti, LLC
KSF, which partners with former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities boutiques…
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