NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of NatWest Group plc (NYSE: NWG) resulting from allegations that NatWest Group may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased NatWest Group securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=17876 call Phillip Kim, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action.
WHAT IS THIS ABOUT: On July 26, 2023, the BBC released an article entitled “NatWest boss Dame Alison Rose quits after row over Nigel Farage account.” The article stated, “NatWest boss Dame Alison Rose has resigned hours after admitting she had made a mistake in speaking about Nigel Farage’s relationship with the bank. She had been heavily criticized for being the source of an inaccurate BBC report about Mr. Farage’s account at Coutts, which is part of NatWest Group.”
Another article discussed how Rose leaked the inaccurate information regarding Farage’s account to the BBC despite NatWest Group’s stated policy on protecting privacy and customer confidentiality, in which it states, “We see privacy as a vital component to achieving our purpose and [it] is therefore embedded across all parts of our business”, that “anyone breaching the [privacy] policy can be subject to disciplinary action” and that “All our customers [. . .] can therefore be confident that we treat protection of their data with the utmost seriousness.”
On this news, NatWest Group American Depositary Receipts (“ADRs”) declined as much as 3.1% in intraday trading on July 26, 2023.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. 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 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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