NEW ORLEANS--(BUSINESS WIRE)--ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until June 8, 2020 to file lead plaintiff applications in a securities class action lawsuit against Fifth Third Bancorp (NasdaqGS: FITB), if they purchased the Company’s securities between February 26, 2016, and March 6, 2020, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Illinois.
Fifth Third Bancorp investors should visit us at https://www.claimsfiler.com/cases/view-fifth-third-bancorp-securities-litigation-1 or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Fifth Third and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 2, 2020, the Company filed its 2019 10-K, also disclosing that the U.S. Consumer Financial Protection Bureau (“CFPB”) “notified Fifth Third that it intends to file an enforcement action in relation to alleged unauthorized account openings.” This admission and subsequent additional disclosures caused the Company’s stock price to fall, injuring shareholders.
The case is Lee Christakis, et al. v. Fifth Third Bancorp, et al, 20-cv-02176.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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