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The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Citizens Financial Group, Inc. (NYSE : CFG) securities between March 18, 2016 and March 29, 2017.
According to the complaint, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) that Company employees were falsifying information related to the Citizens Checkup program; (2) that, as a result, the Company’s reported Citizens Checkup figures were inflated; and (3) that, as a result of the foregoing, Defendants’ statements about Citizens’ business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On March 29, 2017, the Wall Street Journal (“WSJ”) reported that certain Citizens employees admitted that employees faked “financial checkup” meetings with customers. According to the WSJ, former employees said they falsified information because of pressure to meet expectations related to the program.
"Citizens Financial Group, Inc."
If you suffered a loss in Citizens Financial Group, Inc. you have until June 26, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
To receive more information, please fill out the form.