-

INVESTIGATION ALERT: Nationally Ranked Litigation Firm Labaton Announces Investigation of MB Financial Inc. (“MB”) and Fifth Third Bancorp (NASDAQ: FITB) Merger and Strongly Encourages Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)--Labaton Sucharow LLP, a leading, awarding winning investor rights law firm, announces it is investigating potential securities claims on behalf of former shareholders of MB Financial Inc. (“MB”), concerning allegations that Fifth Third Bancorp (NASDAQ: FITB), may have issued materially misleading business information to the investing public in connection with its March 2019 merger with MB.

On March 2, 2020, Fifth Third revealed in a 10-K reporting its results for the quarter and year ended December 31, 2019, that the Consumer Financial Protection Bureau (“CFPB”) “notified Fifth Third that it intends to file an enforcement action in relation to alleged unauthorized account openings.” Shortly thereafter, Bloomberg published an article publicizing the forthcoming CFPB complaint. Then, on March 9, 2020, the CFPB announced that it had filed a lawsuit against Fifth Third in federal court, disclosing significant additional information concerning its investigation into the Company and its violations of the Consumer Financial Protection Act, the Truth in Lending Act, and the Truth in Savings Act and their implementing regulations. Since the Merger, Fifth Third’s common stock has fallen as low as $11.67, or almost 50% of the price of the Company’s stock the date the merger closed.

If you are a former MB shareholder and wish to learn more or discuss the issues surrounding the investigation, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at dschwartz@labaton.com.

About the Firm

Labaton Sucharow LLP is one of the world’s leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.

Contacts

David J. Schwartz
(800) 321-0476
dschwartz@labaton.com

Industry:

Labaton Sucharow LLP

NASDAQ:FITB
Release Versions
English

Contacts

David J. Schwartz
(800) 321-0476
dschwartz@labaton.com

More News From Labaton Sucharow LLP

Labaton Keller Sucharow LLP and Saxena White P.A. File Securities Class Action Against Everest Group, Ltd. and Certain of Its Executives

NEW YORK--(BUSINESS WIRE)--Labaton Keller Sucharow LLP (“Labaton”) and Saxena White P.A. (“Saxena White”) have filed a securities class action lawsuit (the “Action”) on behalf of the City of Detroit General Retirement System (“Detroit General”) and the City of Plantation Police Officers’ Retirement System (“Plantation Police” and, together with Detroit General, “Plaintiffs”) against Everest Group, Ltd. (“Everest” or the “Company”) (NYSE: EG) and certain of its executives (collectively, “Defendan...

Labaton Keller Sucharow LLP Files Securities Class Action Against Bank of America Corporation and Certain of Its Executives

NEW YORK--(BUSINESS WIRE)--Labaton Keller Sucharow LLP (“Labaton”) has filed a securities class action lawsuit (the “Action”) on behalf of its client the New England Teamsters Pension Fund (“New England Teamsters”) against Bank of America Corporation (“Bank of America” or the “Company”) (NYSE: BAC) and certain of its executives (collectively, “Defendants”). The Action, which is captioned New England Teamsters Pension Fund v. Bank of America Corporation., No. 26-cv-09137 (S.D.N.Y.), asserts claim...

Labaton Keller Sucharow Launches Whistleblower Practice Led by Former SEC Acting Chair and Senior Enforcement Leader

WASHINGTON--(BUSINESS WIRE)--Labaton Keller Sucharow LLP, a global leader in complex litigation and investor and consumer protection, announces the launch of its Whistleblower Representation Practice, led by former SEC Acting Chair and Commissioner Allison Herren Lee and former SEC Senior Counsel Andrew Feller. “Establishing a dedicated whistleblower practice is a natural extension of our mission to protect investors, promote corporate accountability, and strengthen the integrity of the financi...
Back to Newsroom