NEW YORK, NY / ACCESSWIRE / February 12, 2024 / Hey everyone,
Bronstein, Gewirtz & Grossman, LLC, a big-shot law firm known all over the country, wants to give you a heads-up. They're saying there's a class action lawsuit against New York Community Bancorp, Inc. ("NYCB" or "the Company") (NYSE:NYCB) and some of its big shots.
Here's the scoop:
The lawsuit is all about getting damages from the Defendants for supposedly breaking federal securities laws. It's for all the folks who bought or got their hands on NYCB securities between March 1, 2023, and January 30, 2024 (that's the "Class Period"). If you're one of those investors, they're saying you can jump in on this action by going to their website: bgandg.com/NYCB.
Here's what they're saying went down:
During the Class Period, they claim the Defendants were keeping secrets. They allegedly didn't tell investors that:
- The Company was facing more net charge-offs and its office portfolio was going downhill.
- Because of that, NYCB was likely to lose more money from loans.
- Because NYCB was considered a Category IV bank, it was probably going to have to set aside more money for credit losses.
- All this financial trouble would hit the Company hard.
- To save money, the Company was going to slash its quarterly common dividend to $0.05 per share.
- So, all those positive things the Defendants were saying about the Company weren't so positive after all.
So, what's next?
They're saying the lawsuit is already on the table. If you want to take a peek at the Complaint, you can check it out on their website: bgandg.com/NYCB. Or you can get in touch with Peretz Bronstein, Esq. or his pals at Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you lost money because of NYCB, you've got until April 8, 2024, to ask the Court to let you lead the charge. And hey, you don't have to be the leader to get a piece of any money that comes back.
No cost to you:
These folks say they'll represent you in court without asking for a penny up front. They'll only ask for cash if they win and get you some dough.
Why trust Bronstein, Gewirtz & Grossman?
They're a big deal in the world of lawsuits. They've gotten back loads of money for investors from all over the country.
So, there you have it. If you're involved with NYCB, you might want to look into this.
Take care,
Monir Hossain
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