Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
Tesla Q1 2026 Deliveries Miss Estimates as AI Strategy Takes Center Stage 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
Pershing Square Bids €30.40 Per Share to Acquire Universal Music Group in $9.4B Deal 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
Britain Courts Anthropic Amid US Defense Department Dispute 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
Paramount Skydance Secures $24B from Gulf Sovereign Wealth Funds for Warner Bros. Discovery Takeover 
IRVINE, Calif., June 23, 2017 -- Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against Citizens Financial Group, Inc. (“Citizens Financial” or the “Company”) (NYSE:CFG). Investors who purchased or otherwise acquired shares from March 18, 2016 through March 29, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm by the June 26, 2017 lead plaintiff motion deadline.
If you purchased Citizens Financial shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone at (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the Complaint, throughout the Class Period, Citizens Financial made false and/or misleading statements and/or failed to disclose that: the Company’s employees were falsifying information related to the Citizens Checkup program; that the Company’s reported Citizens Checkup figures were exaggerated; and that as a result of the above, Citizens Financial’s statements about its business, operations and prospects, were false and misleading and/or lacked a reasonable basis at all relevant times.
On March 29, 2017, the Wall Street Journal reported that some of the Company’s employees acknowledged that employees faked “financial checkup” meetings with customers. Citizens Financial claimed that the “Citizens Checkup” program resulted in 400,000 scheduled appointments in 2016, but the report stated that former employees said they falsified information due to the Company’s pressure to meet certain program expectations. Upon release of this information, the Citizen Financial’s stock price dropped significantly, which harmed investors according to the Complaint.
If you wish to learn more about this lawsuit, or if you have any questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone at (949) 419-3834, or by e-mail at [email protected].
This press release may be considered Attorney Advertising in some jurisdictions.
Contact Joon M. Khang, Esq. Telephone: 949-419-3834 Facsimile: 949-225-4474 [email protected]
