NEW YORK, April 27, 2017 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Citizens Financial Group, Inc. ("Citizens Financial Group") (NYSE:CFG) securities between March 18, 2016 and March 29, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra-sa/citizens-financial-group-inc?wire=3. There is no cost or obligation to you.
According to the complaint, throughout the Class Period, the Company issued materially false and misleading statements and/or failed to disclose that: (1) that Company employees were falsifying information related to the Citizens Checkup program; (2) that, as a result, the Company’s reported Citizens Checkup figures were inflated; and (3) that, as a result of the foregoing, Defendants’ statements about Citizens’ business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On March 29, 2017, the Wall Street Journal (“WSJ”) reported that certain Citizens employees admitted that employees faked “financial checkup” meetings with customers. According to the WSJ, former employees said they falsified information because of pressure to meet expectations related to the program.
If you suffered a loss in Citizens Financial Group you have until June 26, 2017 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. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sa/citizens-financial-group-inc?wire=3.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.