{"id":758533,"date":"2023-05-12T13:37:32","date_gmt":"2023-05-12T17:37:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-notifies-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/"},"modified":"2023-05-12T13:37:32","modified_gmt":"2023-05-12T17:37:32","slug":"frc-lawsuit-alert-levi-korsinsky-notifies-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-notifies-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","title":{"rendered":"FRC LAWSUIT ALERT: Levi &amp; Korsinsky Notifies 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  12, 2023  (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in <strong>First Republic Bank<\/strong> (&#8220;First Republic&#8221; or the &#8220;Company&#8221;) (NYSE: FRC) of a class action securities lawsuit.<\/p>\n<p>\n        <strong>CLASS DEFINITION: <\/strong>The lawsuit seeks to recover losses on behalf of First Republic investors who were adversely affected by alleged securities fraud between January 14, 2021 and March 14, 2023. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?prid=39305&amp;wire=3\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?prid=39305&amp;wire=3<\/a>\n      <\/p>\n<p>\n        <strong>FRC<\/strong> investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500.<\/p>\n<p>\n        <strong>CASE DETAILS: <\/strong>According 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&#8217;S NEXT? <\/strong>If you suffered a loss in First Republic during the relevant time frame, you have until <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>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. <strong>There is no cost or obligation to participate.<\/strong><\/p>\n<p>\n        <strong>WHY LEVI &amp; KORSINSKY: <\/strong>Over the past 20 years, the team at Levi &amp; Korsinsky has 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; Korsinsky has ranked in ISS Securities Class Action Services\u2019 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 \/>jlevi@levikorsinsky.com<br \/>Tel: (212) 363-7500<br \/>Fax: (212) 363-7171<br \/>www.zlk.com<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNzkwMSM1NTkxNTMzIzIwMjA0MjY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/OTg0MWMyZjgtY2MzOS00N2ViLTk5NWYtZjEzNmUyYjMxNGJiLTEwMzIyOTM=\/tiny\/Levi-Korsinsky-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, May 12, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in First Republic Bank (&#8220;First Republic&#8221; or the &#8220;Company&#8221;) (NYSE: FRC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of First Republic investors who were adversely affected by alleged securities fraud between January 14, 2021 and March 14, 2023. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?prid=39305&amp;wire=3 FRC investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: According to the complaint, Defendants misrepresented the strength of the Company\u2019s balance sheet and liquidity position, while also understating the significant pressure &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/frc-lawsuit-alert-levi-korsinsky-notifies-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; Korsinsky Notifies 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-758533","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; Korsinsky Notifies 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-notifies-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; Korsinsky Notifies First Republic Bank Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, May 12, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in First Republic Bank (&#8220;First Republic&#8221; or the &#8220;Company&#8221;) (NYSE: FRC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of First Republic investors who were adversely affected by alleged securities fraud between January 14, 2021 and March 14, 2023. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?prid=39305&amp;wire=3 FRC investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: According to the complaint, Defendants misrepresented the strength of the Company\u2019s balance sheet and liquidity position, while also understating the significant pressure &hellip; Continue reading &quot;FRC LAWSUIT ALERT: Levi &amp; Korsinsky Notifies 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-notifies-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=\"2023-05-12T17:37:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNzkwMSM1NTkxNTMzIzIwMjA0MjY=\" \/>\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-notifies-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-notifies-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; 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CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of First Republic investors who were adversely affected by alleged securities fraud between January 14, 2021 and March 14, 2023. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/first-republic-lawsuit-submission-form?prid=39305&amp;wire=3 FRC investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: According to the complaint, Defendants misrepresented the strength of the Company\u2019s balance sheet and liquidity position, while also understating the significant pressure &hellip; Continue reading \"FRC LAWSUIT ALERT: Levi &amp; Korsinsky Notifies 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-notifies-first-republic-bank-investors-of-a-class-action-lawsuit-and-upcoming-deadline-2\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-12T17:37:32+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzNzkwMSM1NTkxNTMzIzIwMjA0MjY=","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-notifies-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-notifies-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; 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