Fifth Third Bancorp (FITB)
(FITB) Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Investigation of Fifth Third Bancorp and Encourages Investors to Contact the Firm
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fifth Third Bancorp ("Fifth Third" or "the Company") (NASDAQ: FITB). The investigation concerns whether Fifth Third and certain of its officers and/or directors have violated federal securities laws.
On March 9, 2020, the Consumer Financial Protection Bureau (“CFPB”) announced that it had filed a lawsuit against Fifth Third Bank, N.A. in federal court, “alleg[ing] that for several years Fifth Third, without consumers’ knowledge or consent: opened deposit and credit-card accounts in consumers’ names; transferred funds from consumers’ existing accounts to new, improperly opened accounts; enrolled consumers in unauthorized online-banking services; and activated unauthorized lines of credit on consumers’ accounts. The [CFPB] alleges that Fifth Third violated the Consumer Financial Protection Act’s prohibition against unfair and abusive acts or practices as well as the Truth in Lending Act and the Truth in Savings Act and their implementing regulations.” On this news, Fifth Third’s stock price fell sharply, damaging investors.
If you are aware of any facts relating to this investigation, or purchased Fifth Third shares,
you can assist this investigation by contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.