NEW YORK, April 3, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Banco Popular Español, S.A. ("Banco Popular" or the "Company") (OTCMKT: BPESY). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Banco Popular and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On April 3, 2017, Banco Popular disclosed that an internal audit had identified financial shortcomings related to its 2016 capital increase, and announced the resignation of the Company's Chief Executive Officer, Pedro Larena.
On these disclosures, Banco Popular's share price fell $0.37, or 9.66%, to close at $3.46 on April 3, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
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SOURCE Pomerantz LLP