NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24MBNKF&src=ctag” target=”_blank”gt;$MBNKFlt;/agt; lt;a href=”https://twitter.com/hashtag/classaction?src=hash” target=”_blank”gt;#classactionlt;/agt;–The law firm of Kirby
McInerney LLP is investigating potential claims against Metro Bank
PLC (“Metro Bank” or the “Company”) (OTC:MBNKF).
This investigation concerns whether Metro Bank has violated federal
securities laws and/or engaged in other unlawful business practices.
On May 1, 2019, Metro Bank announced that it had lost a “small number of
large commercial and partnership customers” following a disclosure
earlier in the year of an accounting error in the Company’s
risk-weighted assets. The loss of these customers led to a drop in
profits for the first quarter of 2019. On this news, the Company’s share
price fell $1.69 per share, approximately 16.2%, to close at $8.76 on
May 2, 2019.
If you acquired Metro Bank securities, have information, or would like
to learn more about these claims, please contact Thomas
W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at [email protected],
or by filling out this
contact form, to discuss your rights or interests with respect to
these matters without any cost to you.
Kirby
McInerney LLP is a New York-based plaintiffs’ law firm concentrating
in securities, antitrust, and whistleblower litigation. The firm’s
efforts on behalf of shareholders in securities litigation have resulted
in recoveries totaling billions of dollars. Additional information about
the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq., (212) 371-6600
[email protected]
www.kmllp.com
