The Klein Law Firm Notifies Investors of a Class Action Filed on Behalf of Citizens Financial Group, Inc.
Shareholders and a Lead Plaintiff Deadline of June 26, 2017
The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Citizens Financial Group,
Inc. (NYSE:CFG) who purchased shares between March 18, 2016 and March 29,
2017. The action, which was filed in the United States District Court for the Southern District of New York, alleges that
the Company violated federal securities laws.
In particular, the complaint alleges that throughout the Class Period, defendants made materially false and/or misleading
statements and/or failed to disclose that (1) Company employees were falsifying information related to the Citizens Checkup
program; (2) as a result, the Company’s reported Citizens Checkup figures were inflated; and (3) 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.
Shareholders have until June 26, 2017 to petition the court for lead plaintiff status. Your ability to share in any
recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
If you suffered a loss during the class period and wish to obtain additional information, please contact Joseph Klein, Esq. by
telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-sa/citizens-financial-group-inc?wire=2.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Joseph Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
The Klein Law Firm
Joseph Klein, Esq.
212-616-4899
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