Certain directors of Opus Bank are under investigation concerning possible wrongdoing. The investigation was announced for investors in NASDAQ:OPB shares over potential breaches of fiduciary duties by certain Opus Bank directors.
Investors who are current long term investors in Opus Bank (NASDAQ:OPB) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm for investors in NASDAQ:OPB stocks follows a lawsuit filed against Opus Bank over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:OPB stocks, concerns whether certain Opus Bank directors are liable in connection with the allegations made in that lawsuit. The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that certain of the Company’s loans were of poor quality, that the Company was over-representing the quality of the loans to the public, that, as such, the Company failed to properly account for the loans in violation of Generally Accepted Accounting Principles (“GAAP”), that, as a result, the Company would be forced to recognize large charge-offs associated with the loans, that the Company lacked adequate internal controls over accounting and financial reporting, and that, as a result of the foregoing, Defendants’ positive statements about Opus’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Those who purchased NASDAQ:OPB shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego