Metro Bank PLC Class Action Lawsuit - MBNKF

Company
Metro Bank PLC (OTCMKTS: MBNKF)
Lead Plaintiff Deadline
July 29, 2019 (Expired)
Class Period
March 6, 2018 - May 1, 2019

Expired

Lead Plaintiff Deadline

Jul 29, 2019

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Allegations

(1) Metro Bank misclassified the risk terms of many of its loans; (2) accordingly, Metro Bank failed to maintain sufficient capital; (3) this conduct would lead to investigations by the PRA and FCA; (4) this conduct would also lead to the reduction of deposits at Metro Bank from larger commercial and partnership clients; and (5) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

Eligibility

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

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), you have until July 29, 2019 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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