investors can Contact the law firm for free to learn more about recovering their losses

LOS ANGELES, Oct. 27, 2022 (GLOBE NEWSWIRE) — The law firm of Portnoy is informing investors of US Bancorp (“US Bancorp” or the “Company”) (NYSE: USB) that a class action lawsuit has been filed on behalf of investors. US bancorp investors who have lost money investing are encouraged to do so Contact Lesley Portnoy, Esq.

Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: [email protected] to discuss your legal rights, or click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.

The Complaint filed in this Class Action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, the defendants failed to disclose to investors that: (1) the U.S. bank put selling pressure on its employees that caused them to open credit cards, lines of credit, and deposit accounts without consumers’ knowledge and consent; (2) since at least 2015, US Bank, and by extension US Bancorp, has been aware of such unauthorized conduct and that it has violated relevant regulations and laws designed to protect its consumers; (3) US Bancorp failed to adequately monitor its employees for engaging in such illegal conduct, to detect and stop the wrongdoing, and to identify and remedy aggrieved consumers; (4) all of which have exposed the Company to a foreseeable risk of increased regulatory scrutiny or investigation; (5) US Bancorp’s earnings were in part the result of illegal conduct and therefore unsustainable; and (6) as a result, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading…