Expired
Lead Plaintiff Deadline
May 15, 2023
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The filed complaint alleges that Signature Bank made materially false and/or misleading statements and/or failed to disclose that: (1) Signature Bank did not have the strong fundamentals that it represented itself as having in the days immediately prior to its takeover, or otherwise took action that left it susceptible to a takeover by the New York Department of Financial Services (“DFS”); (2) as a result, it became a target for regulatory action by the DFS, and (3) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.
In order to be eligible to join the SBNY class action lawsuit, you must have incurred a loss on shares of Signature purchased during the class period listed above.
If you suffered a loss in Signature during the relevant time frame or pursuant to the relevant offering(s), you have until May 15, 2023 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.
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