NEW YORK--(BUSINESS WIRE)--If you purchased or otherwise acquired Metro Bank PLC (“Metro Bank” or the “Company”) securities (OTC: MBNKF) between March 6, 2018 through May 1, 2019, you may have legal claims against Metro Bank and are encouraged to contact Scott+Scott Attorneys at Law (“Scott+Scott”) attorney Jonathan Zimmerman at (888) 398-9312 for more information, or to visit the following link: https://scott-scott.com/case/metro-bank-plc/. The deadline to move for Lead Plaintiff in a pending federal class action lawsuit against Metro Bank and certain of its officers and directors (“Defendants”) is July 29, 2019.
The Complaint alleges that 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.
What You Can Do
If you purchased Metro Bank stock between March 6, 2018 through May 1, 2019, inclusive, or if you have questions about this notice or your legal rights, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at email@example.com. The lead plaintiff deadline is July 29, 2019.
About Scott+Scott Attorneys at Law LLP
Scott+Scott is an international shareholders’ rights litigation firm with significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States and the world. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.