NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Metro Bank PLC (OTC: MBNKF) resulting from allegations that Metro Bank may have issued materially misleading business information to the investing public.
On May 1, 2019, Metro Bank announced that an accounting error which was discovered in January 2019 had created an “adverse sentiment” about the company which led to the departure of a “small number of large commercial and partnership customers” and caused Metro Bank’s profits to drop by half for the first quarter of 2019. On this news, shares of Metro Bank fell by $1.69, or over 16%, to close at $8.76 per share on May 2, 2019, thereby injuring investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Metro Bank investors. If you purchased shares of Metro Bank please visit the firm’s website at http://www.rosenlegal.com/cases-register-1563.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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