ATLANTA, March 25, 2009 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating possible violations of federal securities law by Popular, Inc. ("Popular" or the "Company") (Nasdaq:BPOPN). The investigation focuses on, among other things, whether Popular misrepresented the impact the sale of certain mortgage related assets would have on the Company's financial condition, misrepresented the quality of the Company's remaining mortgage-related loans in its U.S. mainland portfolios, and failed to disclose that Popular was facing liquidity concerns and would likely cut or eliminate dividend payments to shareholders.
Shareholders who purchased Popular common stock between January 23, 2008 and January 22, 2009 with questions concerning their legal rights are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.