{"id":712016,"date":"2022-11-15T12:06:31","date_gmt":"2022-11-15T17:06:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/usb-investors-have-opportunity-to-lead-u-s-bancorp-securities-fraud-lawsuit-3\/"},"modified":"2022-11-15T12:06:31","modified_gmt":"2022-11-15T17:06:31","slug":"usb-investors-have-opportunity-to-lead-u-s-bancorp-securities-fraud-lawsuit-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/usb-investors-have-opportunity-to-lead-u-s-bancorp-securities-fraud-lawsuit-3\/","title":{"rendered":"USB Investors Have Opportunity to Lead U.S. Bancorp Securities Fraud Lawsuit"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n LOS ANGELES<\/span>
\n <\/span>, Nov. 15, 2022<\/span><\/span> \/PRNewswire\/ — Glancy Prongay<\/span> & Murray LLP<\/a> (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against U.S. Bancorp (“U.S. Bancorp” or the “Company”) (NYSE: USB<\/a>).<\/p>\n

\n

\n
\n \"(PRNewsfoto\/Glancy
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Class Period: <\/b>
\n August 1, 2019<\/span> \u2013 July 28, 2022<\/span>
Lead Plaintiff Deadline:<\/b>December 27, 2022<\/span><\/p>\n

If you wish to serve as lead plaintiff of the U.S. Bancorp lawsuit, you can submit your contact information at www.glancylaw.com\/cases\/us-bancorp\/<\/a>. You can also contact Charles H. Linehan<\/span>, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com<\/a> to learn more about your rights.<\/p>\n

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors\u00a0that: (1) U.S. Bank created sales pressure on its employees that led them to open credit cards, lines of credit, and deposit accounts without consumers’ knowledge and consent; (2) since at least 2015, U.S. Bank and by extension, U.S. Bancorp, was aware of such unauthorized conduct and that it was violating relevant regulations and laws aimed at protecting its consumers; (3) U.S. Bancorp failed to properly monitor its employees from engaging in such unlawful conduct, detect and stop the misconduct, and identify and remediate harmed consumers; (4) all the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny or investigation; (5) U.S. Bancorp’s revenues were in part the product of unlawful conduct and thus unsustainable; and (6) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

Follow us for updates on LinkedIn<\/a>, Twitter<\/a>, or Facebook<\/a>.<\/p>\n

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire<\/span>, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California<\/span> 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com<\/a>, or visit our website at www.glancylaw.com<\/a>.\u00a0 If you inquire by email please include your mailing address, telephone number and number of shares purchased.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/usb–investors-have-opportunity-to-lead-us-bancorp-securities-fraud-lawsuit-301678137.html<\/a><\/p>\n

SOURCE Glancy Prongay<\/span> & Murray LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire LOS ANGELES , Nov. 15, 2022 \/PRNewswire\/ — Glancy Prongay & Murray LLP (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against U.S. Bancorp (“U.S. Bancorp” or the “Company”) (NYSE: USB). Class Period: August 1, 2019 \u2013 July 28, 2022Lead Plaintiff Deadline:December 27, 2022 If you wish to serve as lead plaintiff of the U.S. Bancorp lawsuit, you can submit your contact information at www.glancylaw.com\/cases\/us-bancorp\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors\u00a0that: (1) U.S. Bank created … <\/p>\n

Continue reading “USB Investors Have Opportunity to Lead U.S. Bancorp Securities Fraud Lawsuit”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-712016","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nUSB Investors Have Opportunity to Lead U.S. Bancorp Securities Fraud Lawsuit - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/usb-investors-have-opportunity-to-lead-u-s-bancorp-securities-fraud-lawsuit-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USB Investors Have Opportunity to Lead U.S. Bancorp Securities Fraud Lawsuit - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LOS ANGELES , Nov. 15, 2022 \/PRNewswire\/ — Glancy Prongay & Murray LLP (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against U.S. Bancorp (“U.S. Bancorp” or the “Company”) (NYSE: USB). Class Period: August 1, 2019 \u2013 July 28, 2022Lead Plaintiff Deadline:December 27, 2022 If you wish to serve as lead plaintiff of the U.S. Bancorp lawsuit, you can submit your contact information at www.glancylaw.com\/cases\/us-bancorp\/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. 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