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FRC.US
id: 680, Created by Stan Vick Chase, Scout
Join First Republic Bank (FRC) Case on Misleading to Fight Losses
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
- First Republic Bank announced a Q1 2023 loss of over $100B in customer deposits.
- $FRC price dropped over 20% on post & pre-market, damaging investors.
- Investors suspect the $FRC and KPMG of failing to disclose that rising interest rates, client withdrawals, and the collapse of Silicon Valley Bank created a liquidity crisis for the First Republic.
On April 24, 2023, First Republic Bank (FRC) announced a Q1 2023 loss of over $100 billion in customer deposits.
Taking all the facts into account, Investors have reasons to suspect First Republic & KPMG of misleading and failing to disclose important information which led to investment losses for stakeholders.
Specifically, Investors accuse the $FRC and KPMG of failing to disclose that rising interest rates, client withdrawals, and the collapse of Silicon Valley Bank created a liquidity crisis for the First Republic.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
24 April 2023
Case number
3:23-cv-01993
Filing date
24 April 2023
Class period Start
14 January 2021
Class period End
14 March 2023
Lead Plaintiff Deadline
23 June 2023
Court
Northern District of California
Judge
Hon. Haywood S Gilliam, Jr.
Collecting participants…
Case history
Stan Vick
23 May 2023
- Several affected $FRC Investors have already joined Case.
- Several reputable Law Firms have expressed interest to represent Case vs. First Republic in court.
- The Initial Complaint was filed in the court of the Northern District of California.
Subsequently, more affected investors are expected to join the Case and interested attorneys commit their support, further strengthening the Case.