An investigation for investors in HSBC Holdings plc (ADR) (NYSE:HSBC) shares over potential securities laws violations by HSBC Holdings plc was announced.
San Diego, CA -- (SBWIRE) -- 03/06/2018 -- An investigation was announced for investors in NYSE:HSBC shares concerning potential securities laws violations by HSBC Holdings plc and certain of its directors and officers.
Investors who purchased shares of HSBC Holdings plc (ADR) (NYSE:HSBC), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by HSBC Holdings plc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 20, 2018, HSBC Holdings plc announced full-year profit that fell below analyst expectations. Debt related to South African retailer Steinhoff International Holdings N.V., which announced significant accounting irregularities in December 2017 and is restructuring, and the U.K. services and construction company Carillion plc, which entered liquidation proceedings in January 2018, helped increase HSBC's bad loan charges to $1.77 billion for the year, higher than expectations. HSBC advised investors it would delay a share buyback program while raising additional debt in the first half of 2018.
Those who purchased shares of HSBC Holdings plc (ADR) (NYSE:HSBC) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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