NEW YORK, June 01, 2023 (GLOBE NEWSWIRE) — The Gross Law Firm issues the following notice to shareholders of First Horizon Corporation.
Shareholders who purchased shares of FHN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
PERIOD CLASS: February 28, 2022 to May 3, 2023
ALLEGATIONS: According to the complaint, the defendants made false statements and/or concealed that TD Bank failed to disclose material information to the market that it had deficient internal controls that posed a significant risk to the closing of the First Horizon transaction. Specifically, TD Bank suffered from grossly ineffective internal controls regarding anti-money laundering practices and failed to properly report unusual transactions or suspicious activity to US regulators. According to a report published by The Wall Street Journal, in “recent years,” TD Bank only “flagged 28 customer transactions” as suspicious. As a result, the Office of the Comptroller of the Currency and the US Federal Reserve refused to approve the transaction within the necessary time frames.
DEADLINE: July 21, 2023 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/first-horizon-loss-submission-form/?id=40144&from=3
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of FHN during the timeframe listed above, you will be enrolled in a portfolio of monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline for seeking to be a lead plaintiff is July 21, 2023. There is no cost or obligation for 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 debt, 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 incur losses when false and/or misleading statements or the omission of material information by a company leads to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.
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Phone: (646) 453-8903