{"id":753774,"date":"2023-05-02T14:48:20","date_gmt":"2023-05-02T18:48:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/"},"modified":"2023-05-02T14:48:20","modified_gmt":"2023-05-02T18:48:20","slug":"frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","title":{"rendered":"FRC LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Reminds First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">NEW YORK, May  02, 2023  (GLOBE NEWSWIRE) &#8212; Levi &amp;\u00a0Korsinsky, LLP notifies investors in\u00a0<strong>First Republic Bank <\/strong>(&#8220;First Republic&#8221; or the &#8220;Company&#8221;)\u00a0(NYSE: FRC) of a class action securities lawsuit.<\/p>\n<p>The lawsuit on behalf of First Republic Bank investors has been commenced in the United States District Court for the Northern District of California. Affected investors purchased or otherwise acquired certain First Republic securities\u00a0<strong><u>between January 14, 2021 and March 14, 2023.<\/u><\/strong> Follow the link below to get more information and be contacted by a member of our\u00a0team:<\/p>\n<p>\n        <a href=\"https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?wire=3\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?wire=3<\/a>\n      <\/p>\n<p>or contact Joseph E. Levi, Esq. either via email at\u00a0<a href=\"mailto:jlevi@levikorsinsky.com\" rel=\"nofollow noopener\" target=\"_blank\">jlevi@levikorsinsky.com<\/a>\u00a0or by telephone at (212) 363-7500.\u00a0<strong>There is no cost or obligation to you.<\/strong><\/p>\n<p>\n        <strong>First Republic NEWS \u2013 FRC NEWS<\/strong>\n      <\/p>\n<p>\n        <strong>CASE DETAILS:<\/strong>\u00a0According to the complaint, defendants misrepresented the strength of the Company\u2019s balance sheet and liquidity position, while also understating the significant pressure rising interest rates posed to First Republic\u2019s business model. Defendants also misrepresented the strength of the Company\u2019s ability to deliver consistent results across different interest rate environments, the diversity of the Company\u2019s deposit funding base, and the Company\u2019s ability to generate net interest income (\u201cNII\u201d) growth and maintain stable net interest margin (\u201cNIM\u201d).<\/p>\n<p>\n        <strong>WHAT THIS MEANS TO SHAREHOLDERS:<\/strong>\u00a0If you suffered a loss in FRC during the relevant timeframe, you have until\u00a0<strong>June 23, 2023<\/strong>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn&#8217;t require that you serve as a lead plaintiff.<\/p>\n<p>\n        <strong>NO COST TO YOU:<\/strong>\u00a0If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees.\u00a0Discuss your rights with our legal team without cost or obligation.<\/p>\n<p>\n        <strong>PROTECT YOUR FINANCIAL INTERESTS:<\/strong>\u00a0Complete this brief submission form <a href=\"https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?wire=4\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?wire=3<\/a> or call 212-363-7500 to discuss the case.<\/p>\n<p>\n        <strong>WHY LEVI &amp; KORSINSKY:<\/strong>\u00a0Over the past 20 years, the team at Levi &amp;\u00a0Korsinsky\u00a0has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi &amp;\u00a0Korsinsky\u00a0has ranked in ISS Securities Class Action Services&#8217; Top 50 Report as one of the top securities litigation firms in the United States.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>Levi &amp; Korsinsky, LLP<br \/>Joseph E. Levi, Esq.<br \/>Ed Korsinsky, Esq.<br \/>55 Broadway, 4th Floor Suite #427<br \/>New York, NY 10006<br \/><a href=\"mailto:jlevi@levikorsinsky.com\" rel=\"nofollow noopener\" target=\"_blank\">jlevi@levikorsinsky.com<\/a><br \/>Tel: (212) 363-7500<br \/>Fax: (212) 363-7171<br \/><a href=\"http:\/\/www.zlk.com\" rel=\"nofollow noopener\" target=\"_blank\">www.zlk.com<\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMDI5MiM1NTcwNjU5IzIwMjA0MjY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MGQwZDBjYjUtMGI3Yy00ZmEwLWE1MjMtZDY3YWQxNjM5OTIyLTEwMzIyOTM=\/tiny\/Levi-Korsinsky-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp;\u00a0Korsinsky, LLP notifies investors in\u00a0First Republic Bank (&#8220;First Republic&#8221; or the &#8220;Company&#8221;)\u00a0(NYSE: FRC) of a class action securities lawsuit. The lawsuit on behalf of First Republic Bank investors has been commenced in the United States District Court for the Northern District of California. Affected investors purchased or otherwise acquired certain First Republic securities\u00a0between January 14, 2021 and March 14, 2023. Follow the link below to get more information and be contacted by a member of our\u00a0team: https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?wire=3 or contact Joseph E. Levi, Esq. either via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500.\u00a0There is no cost or obligation to you. First Republic NEWS \u2013 FRC NEWS CASE DETAILS:\u00a0According to the complaint, defendants &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FRC LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Reminds First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline&#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-753774","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FRC LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Reminds First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline - 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\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRC LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Reminds First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp;\u00a0Korsinsky, LLP notifies investors in\u00a0First Republic Bank (&#8220;First Republic&#8221; or the &#8220;Company&#8221;)\u00a0(NYSE: FRC) of a class action securities lawsuit. The lawsuit on behalf of First Republic Bank investors has been commenced in the United States District Court for the Northern District of California. Affected investors purchased or otherwise acquired certain First Republic securities\u00a0between January 14, 2021 and March 14, 2023. Follow the link below to get more information and be contacted by a member of our\u00a0team: https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?wire=3 or contact Joseph E. Levi, Esq. either via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500.\u00a0There is no cost or obligation to you. First Republic NEWS \u2013 FRC NEWS CASE DETAILS:\u00a0According to the complaint, defendants &hellip; Continue reading &quot;FRC LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Reminds First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-02T18:48:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMDI5MiM1NTcwNjU5IzIwMjA0MjY=\" \/>\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=\"2 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\\\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"FRC LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Reminds First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline\",\"datePublished\":\"2023-05-02T18:48:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/\"},\"wordCount\":439,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgzMDI5MiM1NTcwNjU5IzIwMjA0MjY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\\\/\",\"name\":\"FRC LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Reminds First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","og_locale":"en_US","og_type":"article","og_title":"FRC LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Reminds First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk","og_description":"NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp;\u00a0Korsinsky, LLP notifies investors in\u00a0First Republic Bank (&#8220;First Republic&#8221; or the &#8220;Company&#8221;)\u00a0(NYSE: FRC) of a class action securities lawsuit. The lawsuit on behalf of First Republic Bank investors has been commenced in the United States District Court for the Northern District of California. Affected investors purchased or otherwise acquired certain First Republic securities\u00a0between January 14, 2021 and March 14, 2023. Follow the link below to get more information and be contacted by a member of our\u00a0team: https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?wire=3 or contact Joseph E. Levi, Esq. either via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500.\u00a0There is no cost or obligation to you. First Republic NEWS \u2013 FRC NEWS CASE DETAILS:\u00a0According to the complaint, defendants &hellip; Continue reading \"FRC LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Reminds First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-02T18:48:20+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMDI5MiM1NTcwNjU5IzIwMjA0MjY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"FRC LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Reminds First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline","datePublished":"2023-05-02T18:48:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/"},"wordCount":439,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMDI5MiM1NTcwNjU5IzIwMjA0MjY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-reminds-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","name":"FRC LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Reminds First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline - 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