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On September 27, 2016, pre-market, The Wall Street Journal reported that the U.S. Department of Justice is investigating the Company concerning "allegations that an Indonesian power company controlled by the London-based bank paid bribes to win contracts."
On this news, Standard Chartered shares have fallen as much as $0.26, or 3.23%, during intraday trading on September 27, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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 80 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
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-standard-chartered-plc--scbff-300334892.html
SOURCE Pomerantz LLP