BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Metro Bank PLC (“Metro Bank” or the “Company”) (OTC: MBNKF) investors concerning the Company and its officers’ possible violations of federal securities laws.
On May 1, 2019, Metro Bank announced that it lost some large commercial and partnership customers following a disclosure earlier in the year of an accounting error in the Company’s risk-weighted assets, as well as adjustments made for the Company’s full year 2018 results.
On this news, the Company’s share price fell $1.69 per share, or over 16%, to close at $8.76 on May 2, 2019, thereby injuring investors.
If you purchased Metro Bank securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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