Sterling Bancorp, Inc. (SBT)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Sterling Bancorp, Inc. (SBT)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sterling Bancorp, Inc. (“Sterling” or the Company”) (NASDAQ: SBT). The investigation concerns whether Sterling and certain of its officers and/or directors have violated federal securities laws.
On December 9, 2019, Sterling Bancorp disclosed that its subsidiary, Sterling Bank and Trust, FSB, had suspended its Advantage Loan program due to an ongoing internal review of documentation on past loans and due to an implementation of “systems and controls to ensure the Bank’s policies and procedures are followed on loans originated under the program.” On this news, Sterling Bancorp’s stock price fell $2.16 per share, or 22.86%, to close at $7.29 per share on December 9, 2019.
If you are aware of any facts relating to this investigation, or purchased Sterling shares, you can assist this investigation by contacting 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.