Recent Security Class Actions

Signature Bank Common Stock (NASDAQ: SBNY)

Company Name:Signature Bank Common Stock
Stock Symbol:NASDAQ: SBNY
Class Period Start:01/21/2021
Class Period End (inclusive):03/12/2023
Filing Deadline:05/15/2023

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) Signature Bank did not have the strong fundamentals that it represented itself as having in the days immediately prior to its takeover, or otherwise took action that left it susceptible to a takeover by the DFS; (2) as a result, it became a target for regulatory action by the DFS, and (3) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. Finally, the Complaint alleges that when the true details entered the market, investors suffered damages.