NEW YORK, NY / ACCESSWIRE / November 25, 2022 / Pomerantz LLP is investigating claims on behalf of investors of U.S. Bancorp ('U.S. Bancorp' or the 'Company') (NYSE:USB). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether U.S. Bancorp and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 4, 2021, the Company announced an investigation by the Consumer Financial Protection Bureau ('CFPB') into its sales practices. Then, on July 29, 2022, U.S. Bancorp was fined by the 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's stock price fell $0.92 per share, or almost 2%, to close at $47.20 per share on July 29, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP
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