An investigation on behalf of current long term investors in Metro Bank PLC (OTC: MBNKF) shares over possible breaches of fiduciary duty by certain officers and directors was announced and Metro Bank PLC (OTC: MBNKF stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/07/2019 -- Certain directors of Metro Bank PLC are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Metro Bank PLC (OTC: MBNKF) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in OTC: MBNKF stocks follows a lawsuit filed against Metro Bank PLC over alleged securities laws violations. The investigation on behalf of current long term investors in Metro Bank PLC (stocks, concerns whether certain Metro Bank PLC officers and directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Metro Bank misclassified the risk terms of many of its loans, that accordingly, Metro Bank failed to maintain sufficient capital, that this conduct would lead to investigations by the Prudential Regulation Authority and Financial Conduct Authority, that this conduct would also lead to the reduction of deposits at Metro Bank from larger commercial and partnership clients, and that as a result, defendants' public statements were materially false and/or misleading at all relevant times.
Those who purchased shares of Metro Bank PLC (OTC: MBNKF) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.