Fifth Third Bancorp Class Action Lawsuit - FITB

Company
Fifth Third Bancorp (NASDAQ: FITB)
Lead Plaintiff Deadline
June 8, 2020 (Expired)
Class Period
February 26, 2016 - March 6, 2020

Expired

Lead Plaintiff Deadline

Jun 8, 2020

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Allegations

(i) as a result of Fifth Third Bank’s aggressive incentive policies to promote its cross-sell strategy, Fifth Third Bank employees engaged in unauthorized conduct with customer accounts; (ii) since at least 2008, Fifth Third Bank, and by extension, Fifth Third, was aware of such unauthorized conduct and, thus, that it was violating relevant regulations and laws aimed at protecting its consumers; (iii) Fifth Third failed to properly implement and monitor its cross-sell program, detect and stop misconduct, and identify and remediate harmed consumers; (iv) all the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny or investigation; (v) Fifth Third’s revenues were in part the product of unlawful conduct and thus unsustainable; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Eligibility

In order to be eligible to join the FITB class action lawsuit, you must have incurred a loss on shares of Fifth Third purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Fifth Third during the relevant time frame or pursuant to the relevant offering(s), you have until June 8, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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