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Opus Bank

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duty by management of Opus Bank (NASDAQ: OPB) resulting from allegations that Opus Bank may have issued materially misleading business information to the investing public.

If you purchased shares of Opus Bank and would like to join the action, please click "Join This Class Action" above.

Press Release

EQUITY ALERT: Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duty By Management of Opus Bank - OPB

New York, N.Y., January 30, 2017. Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duty by management of Opus Bank (NASDAQ: OPB) resulting from allegations that management may have issued materially misleading business information to the investing public.

On October 17, 2016, Opus Bank issued a press release entitled “Opus Bank Announces Loan Charge-Offs Will Impact Third Quarter Earnings.” Opus Bank stated, “As part of the credit review process of impaired loans, new developments supported charge-offs being recognized on eight loan relationships through the allowance for loan losses at September 30, 2016.” On this news, shares of Opus Bank declined $7.25 per share to close at $27.20 per share on October 17, 2016, damaging investors.

If you purchased shares of Opus Bank on or before October 17, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-1043.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      Kevin Chan, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 34th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      kchan@rosenlegal.com
      www.rosenlegal.com