|Company name||Metro Bank PLC|
NEW YORK, May 5, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against Metro Bank PLC (Other OTC: MBNKF). Our investigation concerns whether Metro Bank has violated the federal securities laws and/or engaged in other unlawful business practices.
On May 1, 2019, Metro Bank announced that it had discovered an accounting error in January 2019 that resulted in “adverse sentiment” towards the company amongst its customers. This error led to the company losing a “small number of large commercial and partnership customers.” The loss of these customers led to a drop in profits for the first quarter of 2019.
On this news, Metro Bank’s share price fell by more than 16%, closing at $8.76 per share on May 2, 2019.
If you purchased or otherwise acquiredMetro Bank shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.