An investigation for investors in Metro Bank PLC (OTC: MBNKF) shares over potential securities laws violations by Metro Bank PLC was announced.
San Diego, CA -- (SBWIRE) -- 05/21/2019 -- An investigation was announced over potential securities laws violations by Metro Bank PLC and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Metro Bank PLC (OTC: MBNKF), 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 possible claims on behalf of purchasers of the securities of Metro Bank PLC (OTC: MBNKF) concerning whether a series of statements by Metro Bank PLC regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
London based Metro Bank PLC, together with its subsidiaries, provides retail and commercial banking services in the United Kingdom. Metro Bank PLC reported that its annual Total Revenue rose from $285.6 million in 2017 to $396.1 million in 2018 and that its Net Income increased from $10.8 million in 2017 to $27.1 million in 2018.
On May 1, 2019, Metro Bank disclosed that in January 2019, it uncovered an accounting error that resulted in "adverse sentiment" towards the Company amongst its customers. This error led to the loss of a "small number of large commercial and partnership customers." The loss of these customers resulted in a drop in profits for the first quarter of 2019.
Those who purchased shares of Metro Bank PLC (OTC: MBNKF) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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