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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.
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 firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
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New York, NY 10016
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