New York Community Bancorp, Inc. Class Action Lawsuit - NYCB

The filed complaint alleges that New York Community Bancorp, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing higher net charge-offs and deterioration in its office portfolio; (2) as a result, NYCB was reasonably likely to incur higher loan losses; (3) as a result of the foregoing and NYCB’s status as Category IV bank, the Company was reasonably likely to increase its allowance for credit losses; (4) the Company’s financial results would be adversely affected; (5) to preserve capital, the Company would reduce quarterly common dividend to $0.05 per common share; and (6) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

In order to be eligible to join the NYCB class action lawsuit, you must have incurred a loss on shares of New York Community Bancorp purchased during the class period listed above.

If you suffered a loss in New York Community Bancorp during the relevant time frame or pursuant to the relevant offering(s), you have until April 8, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.