{"id":740119,"date":"2023-03-14T20:08:05","date_gmt":"2023-03-15T00:08:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-notice-signature-bank-investors-with-substantial-losses-have-opportunity-to-lead-the-signature-bank-class-action-lawsuit-sbny-sbnyp\/"},"modified":"2023-03-14T20:08:05","modified_gmt":"2023-03-15T00:08:05","slug":"investor-notice-signature-bank-investors-with-substantial-losses-have-opportunity-to-lead-the-signature-bank-class-action-lawsuit-sbny-sbnyp","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-notice-signature-bank-investors-with-substantial-losses-have-opportunity-to-lead-the-signature-bank-class-action-lawsuit-sbny-sbnyp\/","title":{"rendered":"INVESTOR NOTICE: Signature Bank Investors with Substantial Losses Have Opportunity to Lead the Signature Bank Class Action Lawsuit \u2013 SBNY; SBNYP"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>INVESTOR NOTICE: Signature Bank Investors with Substantial Losses Have Opportunity to Lead the Signature Bank Class Action Lawsuit \u2013 SBNY; SBNYP<\/b><\/p>\n<p>SAN DIEGO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-signature-bank-class-action-lawsuit-sbny-sbnyp.html&amp;esheet=53362282&amp;newsitemid=20230314006052&amp;lan=en-US&amp;anchor=Robbins+Geller+Rudman+%26amp%3B+Dowd+LLP&amp;index=1&amp;md5=2ead7f7878535821f72577a54df81320\"><b>Robbins Geller Rudman &amp; Dowd LLP<\/b><\/a> announces that the <i>Signature Bank <\/i>class action lawsuit \u2013 captioned <i>Schaeffer v. Signature Bank<\/i>, No. 23-cv-01921 (E.D.N.Y.) \u2013 charges Signature Bank (NASDAQ: SBNY, SBNYP) and certain of its top executives with violations of the Securities Exchange Act of 1934.\n<\/p>\n<p><b>If you suffered substantial losses and wish to serve as lead plaintiff of the <i>Signature Bank <\/i>class action lawsuit, please provide your information here:<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-signature-bank-class-action-lawsuit-sbny-sbnyp.html&amp;esheet=53362282&amp;newsitemid=20230314006052&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-signature-bank-class-action-lawsuit-sbny-sbnyp.html&amp;index=2&amp;md5=c25ba034e4ffe48e4c1e02e9a895e8a4\"><b>https:\/\/www.rgrdlaw.com\/cases-signature-bank-class-action-lawsuit-sbny-sbnyp.html<\/b><\/a><\/p>\n<p><b>You can also contact attorney <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rgrdlaw.com%2Fcases-signature-bank-class-action-lawsuit-sbny-sbnyp.html&amp;esheet=53362282&amp;newsitemid=20230314006052&amp;lan=en-US&amp;anchor=J.C.+Sanchez&amp;index=3&amp;md5=251f37ce40c3cf33cff9797d4d6168ef\"><b>J.C. Sanchez<\/b><\/a><b>of Robbins Geller by calling 800\/449-4900 or via e-mail at <\/b><a rel=\"nofollow\" href=\"mailto:jsanchez@rgrdlaw.com\"><b>jsanchez@rgrdlaw.com<\/b><\/a><b>. Lead plaintiff motions for the <i>Signature Bank <\/i>class action lawsuit must be filed with the court no later than May 15, 2023.<\/b><\/p>\n<p><b>CASE ALLEGATIONS<\/b>: Signature Bank purported to be a New York-based full-service commercial bank.\n<\/p>\n<p>\nThe <i>Signature Bank <\/i>class action lawsuit alleges that defendants made false and\/or misleading statements and\/or failed to disclose that: (i) Signature Bank did not have the strong fundamentals that it represented itself as having in the days immediately prior to its takeover, or otherwise took action that left it susceptible to a takeover by the New York Department of Financial Services (\u201cDFS\u201d); and (ii) as a result, Signature Bank became a target for regulatory action by the DFS.\n<\/p>\n<p>\nOn March 12, 2023, the DFS announced that it had taken possession of Signature Bank. In response, Federal Reserve Chair Jerome Powell, Treasury Secretary Janet Yellen, and Federal Deposit Insurance Corporation Chair Martin Gruenberg issued a joint statement, stating that, \u201cShareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support depositors will be recovered by a special assessment on banks, as required by law.\u201d As a result, trading in Signature Bank\u2019s shares were halted and remain halted.\n<\/p>\n<p><b>THE LEAD PLAINTIFF PROCESS<\/b>: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired publicly traded Signature Bank securities during the class period to seek appointment as lead plaintiff of the <i>Signature Bank <\/i>class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the <i>Signature Bank <\/i>class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the <i>Signature Bank <\/i>class action lawsuit. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the <i>Signature Bank <\/i>class action lawsuit.\n<\/p>\n<p><b>ABOUT ROBBINS GELLER<\/b>: Robbins Geller is one of the world\u2019s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 \u2013 the third year in a row Robbins Geller tops the list. And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs\u2019 firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs\u2019 firms in the world and the Firm\u2019s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever \u2013 $7.2 billion \u2013 in <i>In re Enron Corp. Sec. Litig.<\/i> Please visit the<b \/>following page for more information:\n<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rgrdlaw.com%2Fservices-litigation-securities-fraud.html&amp;esheet=53362282&amp;newsitemid=20230314006052&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.rgrdlaw.com%2Fservices-litigation-securities-fraud.html&amp;index=4&amp;md5=412ace80de6c4545e9bc478f0a377a9f\"><b>https:\/\/www.rgrdlaw.com\/services-litigation-securities-fraud.html<\/b><\/a><\/p>\n<p>\nAttorney advertising.<br \/>\n<br \/>Past results do not guarantee future outcomes.<br \/>\n<br \/>Services may be performed by attorneys in any of our offices.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230314006052r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230314006052\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230314006052\/en\/<\/a><\/span><\/p>\n<p>\nRobbins Geller Rudman &amp; Dowd LLP<br \/>\n<br \/>655 W. Broadway, Suite 1900, San Diego, CA 92101<br \/>\n<br \/>J.C. Sanchez, 800-449-4900<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jsanchez@rgrdlaw.com\">jsanchez@rgrdlaw.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Class Action Lawsuit Professional Services Legal<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230314006052\/en\/1138077\/3\/RGRD_Logo_BusinessWire.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>INVESTOR NOTICE: Signature Bank Investors with Substantial Losses Have Opportunity to Lead the Signature Bank Class Action Lawsuit \u2013 SBNY; SBNYP SAN DIEGO&#8211;(BUSINESS WIRE)&#8211;Robbins Geller Rudman &amp; Dowd LLP announces that the Signature Bank class action lawsuit \u2013 captioned Schaeffer v. Signature Bank, No. 23-cv-01921 (E.D.N.Y.) \u2013 charges Signature Bank (NASDAQ: SBNY, SBNYP) and certain of its top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Signature Bank class action lawsuit, please provide your information here: https:\/\/www.rgrdlaw.com\/cases-signature-bank-class-action-lawsuit-sbny-sbnyp.html You can also contact attorney J.C. Sanchezof Robbins Geller by calling 800\/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Signature Bank class action lawsuit &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-notice-signature-bank-investors-with-substantial-losses-have-opportunity-to-lead-the-signature-bank-class-action-lawsuit-sbny-sbnyp\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR NOTICE: Signature Bank Investors with Substantial Losses Have Opportunity to Lead the Signature Bank Class Action Lawsuit \u2013 SBNY; SBNYP&#8221;<\/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-740119","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR NOTICE: Signature Bank Investors with Substantial Losses Have Opportunity to Lead the Signature Bank Class Action Lawsuit \u2013 SBNY; SBNYP - 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\/investor-notice-signature-bank-investors-with-substantial-losses-have-opportunity-to-lead-the-signature-bank-class-action-lawsuit-sbny-sbnyp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR NOTICE: Signature Bank Investors with Substantial Losses Have Opportunity to Lead the Signature Bank Class Action Lawsuit \u2013 SBNY; SBNYP - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"INVESTOR NOTICE: Signature Bank Investors with Substantial Losses Have Opportunity to Lead the Signature Bank Class Action Lawsuit \u2013 SBNY; SBNYP SAN DIEGO&#8211;(BUSINESS WIRE)&#8211;Robbins Geller Rudman &amp; Dowd LLP announces that the Signature Bank class action lawsuit \u2013 captioned Schaeffer v. Signature Bank, No. 23-cv-01921 (E.D.N.Y.) \u2013 charges Signature Bank (NASDAQ: SBNY, SBNYP) and certain of its top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Signature Bank class action lawsuit, please provide your information here: https:\/\/www.rgrdlaw.com\/cases-signature-bank-class-action-lawsuit-sbny-sbnyp.html You can also contact attorney J.C. Sanchezof Robbins Geller by calling 800\/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the Signature Bank class action lawsuit &hellip; Continue reading &quot;INVESTOR NOTICE: Signature Bank Investors with Substantial Losses Have Opportunity to Lead the Signature Bank Class Action Lawsuit \u2013 SBNY; SBNYP&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-notice-signature-bank-investors-with-substantial-losses-have-opportunity-to-lead-the-signature-bank-class-action-lawsuit-sbny-sbnyp\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-15T00:08:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230314006052r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-notice-signature-bank-investors-with-substantial-losses-have-opportunity-to-lead-the-signature-bank-class-action-lawsuit-sbny-sbnyp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-notice-signature-bank-investors-with-substantial-losses-have-opportunity-to-lead-the-signature-bank-class-action-lawsuit-sbny-sbnyp\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR NOTICE: Signature Bank Investors with Substantial Losses Have Opportunity to Lead the Signature Bank Class Action Lawsuit \u2013 SBNY; 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Signature Bank, No. 23-cv-01921 (E.D.N.Y.) \u2013 charges Signature Bank (NASDAQ: SBNY, SBNYP) and certain of its top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Signature Bank class action lawsuit, please provide your information here: https:\/\/www.rgrdlaw.com\/cases-signature-bank-class-action-lawsuit-sbny-sbnyp.html You can also contact attorney J.C. Sanchezof Robbins Geller by calling 800\/449-4900 or via e-mail at jsanchez@rgrdlaw.com. 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