NEW YORK, March 29, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Citizens Financial Group Inc. ("Citizens" or the "Company") (NYSE: CFG). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Citizens and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 29, 2017, The Wall Street Journal reported that eleven current and former Citizens branch employees in five states claimed that information about certain customer meetings, a component of a "financial checkup" program touted by Citizens, was "fabricated by those employees or others as they struggled to meet goals set by the bank."
On this news, Citizens' share price fell $0.54, or 1.54%, to close at $34.49 on March 29, 2017.
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
SOURCE Pomerantz LLP