Bragar Eagel & Squire, P.C. is Investigating Metro Bank PLC (MBNKF) on Behalf of Stockholders and Encourages MBNKF Investors to Contact the Firm
NEW YORK, May 05, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against Metro Bank PLC (Other OTC: MBNKF). Our investigation concerns whether Metro Bank has violated the federal securities laws and/or engaged in other unlawful business practices.
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On May 1, 2019, Metro Bank announced that it had discovered an accounting error in January 2019 that resulted in “adverse sentiment” towards the company amongst its customers. This error led to the company losing a “small number of large commercial and partnership customers.” The loss of these customers led to a drop in profits for the first quarter of 2019.
On this news, Metro Bank’s share price fell by more than 16%, closing at $8.76 per share on May 2, 2019.
If you purchased or otherwise acquired Metro Bank American Depository Shares (ADSs) and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Metro Bank please go to http://www.bespc.com/mbnkf/. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.