NEW
YORK, May 24, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of First
Republic Bank.
Shareholders who purchased shares of FRC during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/first-republic-loss-submission-form/?id=39785&from=4
CLASS PERIOD: January 14,
2021 to March 14, 2023
ALLEGATIONS: According to the complaint, Defendants
misrepresented the strength of the Company's balance sheet and
liquidity position, while also understating the significant
pressure rising interest rates posed to First Republic's business
model. Defendants also misrepresented the strength of the Company's
ability to deliver consistent results across different interest
rate environments, the diversity of the Company's deposit funding
base, and the Company's ability to generate net interest income
("NII") growth and maintain stable net interest margin ("NIM").
DEADLINE: June 23, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/first-republic-loss-submission-form/?id=39785&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of FRC during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is June 23, 2023. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm