An investigation was announced for investors of Banco Popular Español, S.A. concerning possible violations of securities laws violations by Banco Popular Español, S.A. and certain of its directors and officers.
Investors who purchased shares of Banco Popular Español, S.A. (OTCMKTS:BPESY), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether certain statements by Banco Popular Español, S.A. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 3, 2017, Banco Popular Español, S.A. disclosed that an internal audit had identified financial shortcomings related to its 2016 capital increase and announced the resignation of Banco Popular Español, S.A.’s Chief Executive Officer, Pedro Larena. Shares of Banco Popular Español, S.A. (OTCMKTS:BPESY) declined from $11.24 per share in April 2016 to as low as $.327 per share on April 6, 2017.
Those who purchased OTCMKTS:BPESY shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego