Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 14, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises First Republic Bank (“First Republic” or “the Company”) (NYSE: FRC) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. First Republic investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The investigation is centered around whether the Company made false or misleading statements or withheld important information from investors. On March 13, 2023, First Republic led a decline in bank share prices due to concerns about its liquidity. Even after securing emergency funding, the liquidity concerns persisted. Raymond James downgraded the Company's shares and expressed doubt that deposit balances would recover in the short term. The news caused First Republic's shares to plummet more than 66% during intraday trading on March 13, 2023.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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