NEW YORK–(BUSINESS WIRE)–#A–Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against U.S. Bancorp (NYSE: USB) on behalf of long-term stockholders following a class action complaint that was filed against U.S. Bancorp on October 25, 2022 with a Class Period from August 1, 2019 to July 28, 2022. Our investigation concerns whether the board of directors of U.S. Bancorp have breached their fiduciary duties to the company.
On May 4, 2021, the Company announced an investigation by the CFPB into its sales practices. Upon this news, shares of U.S. Bancorp dropped precipitously.
On July 29, 2022, U.S. Bancorp was fined by CFPB for illegally accessing its customers’ credit reports and opening checking and savings accounts, credit cards, and lines of credit without customers’ permission.
On this news, U.S. Bancorp stock fell $0.92 per share, or 2%, to close at $47.2 per share on July 29, 2022.
If you are a long-term stockholder of U.S. Bancorp, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.