NEW ORLEANS, Nov. 4, 2022 /PRNewswire/ — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until December 27, 2022 to file lead plaintiff applications in a securities class action lawsuit against U.S. Bancorp USB, if they purchased the Company’s securities between August 1, 2019 and July 28, 2022, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
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U.S. Bancorp investors should visit us at https://claimsfiler.com/cases/nyse-usb/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
U.S. Bancorp and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 28, 2022, the Consumer Financial Protection Bureau fined the Company $37.5 million for a range of unlawful acts and practices including opening unauthorized accounts and unlawfully accessing customers’ credit reports and personal data in violation of the Truth in Lending Act, the Fair Credit Reporting Act, the Truth in Savings Act, and the Consumer Financial Protection Act.
On this news, shares of U.S. Bancorp stock fell approximately 4% to a closing price of $46.12 per share.
The case is The Buhrke Family Revocable Trust v. U.S. Bancorp, et al., 22-cv-09174.
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ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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