NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duty by management of Opus Bank (NASDAQ:OPB) resulting from allegations that management may have issued materially misleading business information to the investing public.
On October 17, 2016, Opus Bank issued a press release entitled “Opus Bank Announces Loan Charge-Offs Will Impact Third Quarter Earnings.” Opus Bank stated, “As part of the credit review process of impaired loans, new developments supported charge-offs being recognized on eight loan relationships through the allowance for loan losses at September 30, 2016.” On this news, shares of Opus Bank declined $7.25 per share to close at $27.20 per share on October 17, 2016, damaging investors.
If you purchased shares of Opus Bank on or before October 17, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-1043.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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