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Citizens Financial Group, Inc. (CFG)

NYSE:CFG

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Investing In Citizens Financial Group, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Citizens Financial Group, Inc. (“Citizens” or the “Company”) (NYSE:CFG) of the June 26, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Citizens securities between March 18, 2016 and March 29, 2017 (the “Class Period”).  The case, Warner v. Citizens Financial Group, Inc. et al, No. 17-cv-03004 was filed on April 25, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to maintain proper internal controls within the “Citizens Checkup” program that would prevent potential falsification of information by Company’s employees.

Specifically, on March 29, 2017, the Wall Street Journal (“WSJ”) reported that certain Citizens employees admitted that Company employees faked “financial checkup” meetings with customers due to pressure within the Company to meets expectations related to the program. While the Company claimed that the “Citizens Checkup” program resulted in 400,000 scheduled appointments in 2016, the WSJ reported that at least some of these appointments were fabricated.

After the announcement, Citizens’s share price fell during heavy volume trading from $35.03 per share on March 28, 2017 to a closing price of $34.49 on March 29, 2017.

Take Action

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

Faruqi & Faruqi, LLP also encourages anyone with information regarding Citizens’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Citizens Financial Group, Inc. (CFG)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 04/25/2017

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