NYSE: NYCB Lawsuit Update: Investors Who Lost Money With New York Community Bancorp, Inc. (NYSE: NYCB) Shares Should Contact the Shareholders Foundation

SAN DIEGO, CA, September 2, 2024 (Newswire.com) - The Shareholders Foundation, Inc. announced that an update in the lawsuit that is pending for certain investors in shares of New York Community Bancorp, Inc. (NYSE:NYCB). Investors in NYSE: NYCB shares, have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

The Shareholders Foundation, Inc. announced that an update in the lawsuit that is pending for certain investors in shares of New York Community Bancorp, Inc. (NYSE:NYCB).

Investors who purchased shares of New York Community Bancorp, Inc. (NYSE: NYCB) prior to March 2023 and continue to hold any of those NYSE: NYCB shares, have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On February 06, 2024, an investor in NYSE: NYCB shares filed a lawsuit against New York Community Bancorp, Inc. alleging violations of securities laws. The plaintiff alleges that the defendants failed to disclose to investors that the Company was experiencing higher net charge-offs and deterioration in its office portfolio, that, as a result, NYCB was reasonably likely to incur higher loan losses, that, as a result of the foregoing and NYCB's status as Category IV bank, the Company was reasonably likely to increase its allowance for credit losses, that the Company's financial results would be adversely affected, that, to preserve capital, the Company would reduce quarterly common dividend to $0.05 per common share, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On May 07, 2024, the court appointed a lead plaintiff and lead counsel.

Those who purchased New York Community Bancorp, Inc. (NYSE: NYCB) shares and continue to hold any of those NYSE: NYCB shares long-term, have also certain options and should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

Michael Daniels
Manager
[email protected]
858-779-1554

SOURCE: Shareholders Foundation, Inc.

Source: Shareholders Foundation, Inc.