Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fifth Third Bancorp - FITB


NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fifth Third Bancorp ("Fifth Third" or the "Company") (NASDAQ: FITB). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether Fifth Third and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On November 7, 2023, Fifth Third filed its quarterly report for its third fiscal quarter of 2023 with the U.S. Securities and Exchange Commission. Therein, the Company disclosed that its subsidiary "Fifth Third Bank, National Association is currently cooperating with investigations related to several civil investigative demands by a number of state attorneys general regarding the lending practices and installer relationships of Dividend Solar Finance, LLC, which the Bank acquired in May 2022. Among these is a civil investigative demand by a coalition of 17 state attorneys general relating to the Chapter 7 bankruptcy filing of one such installer, Power Home Solar, LLC, dba Pink Energy." 

On this news, Fifth Third's stock price fell $0.67 per share, or 2.56%, to close at $25.49 per share on November 8, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

SOURCE Pomerantz LLP


These press releases may also interest you

14 fév 2025
Report with market evolution powered by AI - The global cryptocurrency market size is estimated to grow by USD 39.75 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  16.7%  during the forecast period....

14 fév 2025
TSX VENTURE COMPANIES BULLETIN V2025-0474 DATAMETREX AI LIMITED ("DM")BULLETIN TYPE:  ConsolidationBULLETIN DATE:  February 14, 2025TSX Venture Tier 1 Company Pursuant to a resolution passed by shareholders on November 13, 2024, the Company has...

14 fév 2025
Report with the AI impact on market trends - The global real estate market size is estimated to grow by USD 1.13 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.27%  during the forecast period. Growing...

14 fév 2025
Report on how AI is driving market transformation - The retail market in philippines size is estimated to grow by USD 66.35 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  11.1%  during the forecast...

14 fév 2025
CoinW, a global leader in cryptocurrency trading, proudly announces the launch of its flagship online forum series, WConnect - Connecting Legends. This initiative is designed to unite CoinW users with iconic Layer 1 blockchains and their...

14 fév 2025
Members of the media are invited to an announcement on the Unsheltered Homelessness and Encampments Initiative with Dr. Brendan Hanley, Member of Parliament for the Yukon, the Honourable Tracy-Anne McPhee, Minister of Health and Social Services and...



News published on and distributed by: