HSBC Holdings plc (HSBC)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of HSBC Holdings plc (“HSBC” or “the Company”) (NYSE: HSBC). Investors who purchased HSBC securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether HSBC has violated federal securities laws.
Investigation Details:
On February 21, 2024, HSBC announced its financial and operating results for 2023. Among other items, the Company announced an impairment charge of $3 billion on a write-down of its stake in Bank of Communications Co., Limited (“BoCom”) and a $2 billion charge on the sale of its French retail operations. On this news, HSBC’s American depositary receipt (“ADR”) price fell $3.63 per ADR, or 8.89%, to close at $37.22 per ADR on February 21, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased HSBC securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson