Glancy Prongay & Murray LLP (GPM) announces an investigation on behalf of Metro Bank PLC (Metro Bank or the Company) (OTC: MBNKF) investors concerning the Company and its officers possible violations of federal securities laws.
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If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to [email protected], or visit our website at www.glancylaw.com.
On May 1, 2019, Metro Bank announced that it lost some large commercial and partnership customers following a disclosure earlier in the year of an accounting error in the Companys risk-weighted assets, as well as adjustments made for the Companys full year 2018 results.
On this news, the Companys share price fell $1.69 per share, or over 16%, to close at $8.76 on May 2, 2019, thereby injuring investors.
If you purchased Metro Bank securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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