NEW ORLEANS, July 31, 2020 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Fifth Third Bancorp (NasdaqGS: FITB).
On March 9, 2020, the U.S. Consumer Financial Protection Bureau ("CFPB") filed suit against the Company for violations of various federal consumer protection laws based on allegations of widespread and long-ranging unauthorized customer account openings from 2010 through 2016. Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit charging them with failing to disclose material information in violation of federal securities laws, which remains ongoing.
KSF's investigation is focusing on whether Fifth Third's officers and/or directors breached their fiduciary duties to Fifth Third's shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Fifth Third shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-fitb/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.