NEW ORLEANS, Nov. 08, 2022 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, is reminding investors that they have until December 27, 2022 Lead plaintiff motions in a securities class action lawsuit against US Bancorp (NYSE: USB) if they purchased the Company’s securities between August 1, 2019 and July 28, 2022 inclusive (the “Class Period”). This lawsuit is pending in the United States District Court for the Southern District of New York.

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US bancorp investors should visit us at https://claimsfiler.com/cases/nyse-usb/ or call toll free (844) 367-9658. Kahn Swick & Foti, LLC attorneys are available to discuss your legal options.

About the lawsuit

US Bancorp and certain of its officers are alleged to have failed to disclose material information during the Class Period in violation of federal securities laws.

On July 28, 2022, the Consumer Financial Protection Bureau fined the company $37.5 million for a number of unlawful acts and practices, including opening unauthorized accounts and unlawfully accessing customer credit reports and personal information Violating the Truth in Lending Act, the Fair Credit Reporting Act, the Truth in Saving Act and the Consumer Financial Protection Act.

On the news, US Bancorp shares fell about 4% to close at $46.12 per share.

The case is The Buhrke Family Revocable Trust v. US Bancorp, et al., 22-cv-09174.

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ClaimsFiler has a single mission: to serve as an information resource to help retail investors recover their share of billions of dollars in securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to access information and comparison websites for various securities class actions so that they can timely file their own claims; (2) upload their portfolio transaction data to be notified of relevant securities events in which they may have a financial interest; and (3) …