US BANCORP SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES GREATER THAN $100,000 of lead plaintiff’s delay in class action lawsuit against US Bancorp – USB

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NEW ORLEANS, LA /ACCESSWIRE/November 14, 2022/ Kahn Swick & Foti, LLC (“KSF”) and its KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they have until December 27, 2022 to file claims as lead plaintiff in a securities class action against US Bancorp (NYSE: USB), if they purchased the securities of the Company between August 1, 2019 and July 28, 2022 inclusive (the “Class Period collective”). This action is pending in the United States District Court for the Southern District of New York.

What you can do

If you have purchased securities from US Bancorp and would like to discuss your legal rights and how this matter may affect you and your right to recover your economic loss, you may, at no obligation or cost to you, contact the associate KSF director, Lewis Kahn, toll-free. toll free at 1-877-515-1850 or by email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-usb/ to learn more. If you wish to act as lead plaintiff in this class action, you must submit a motion to the court in December 27, 2022.

About the trial

US Bancorp and certain of its officers are accused of failing to disclose material information during the Class Period, in violation of federal securities laws.

On July 28, 2022, the Consumer Financial Protection Bureau fined the company $37.5 million for a series of illegal acts and practices, including opening unauthorized accounts and accessing illegal access to credit reports and personal customer data in violation of the Truth in Lending Act, the Fair Credit Reporting Act, the Truth in Savings Act and the Consumer Financial Protection Act.

On the news, shares of US Bancorp fell about 4% to a closing price of $46.12 per share.

The case is The Buhrke Family Revocable Trust v. U.S. Bancorp, et al., 22-cv-09174.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or malfeasance by listed companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you can visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras Street, Suite 3200
New Orleans, LA 70163

THE SOURCE: Kahn Swick & Foti, LLC

See the source version on accesswire.com:
https://www.accesswire.com/725699/US-BANCORP-SHAREHOLDER-ALERT-BY-FORMER-LOUISIANA-ATTORNEY-GENERAL-KAHN-SWICK-FOTI-LLC-REMINDS-INVESTORS-WITH-LOSSES-IN-EXCESS- OF-100000-of-Lead-Plaintiff-Deadline-in-Class-Action-Lawsuit-Against-US-Bancorp-USB

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