• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Money 20/20, Amsterdam (June 6-8, 2023)
    • WFIS, Nigeria (June 6-7, 2023)
    • Crypto Expo Asia, Singapore (June 7-8, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • CyFrica, Kenya (July 18-19, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Future Banks Summit, Riyadh (September 19-20, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • FinTech Festival Asia, Thailand (September 27-28, 2023)
    • European Blockchain Convention, Barcelona (October 24-26, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Money 20/20, Amsterdam on June 6-8, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Signature Bank (SBNY) Insider Selling: HAGENS BERMAN Encourages Investors with Substantial Losses to Contact Firm, Deadline Approaching in Securities Fraud Class Action

April 24, 2023 By GlobeNewswire

SAN FRANCISCO, April 24, 2023 (GLOBE NEWSWIRE) -- Hagens Berman, national trial attorneys, urges Signature Bank (NASDAQ: SBNY) investors who suffered substantial losses to submit your losses now.

Class Period: Mar. 2, 2023 – Mar. 12, 2023
Lead Plaintiff Deadline: May 15, 2023
Visit: www.hbsslaw.com/investor-fraud/SBNY
Contact An Attorney Now: SBNY@hbsslaw.com
844-916-0895

Signature Bank (SBNY) Securities Fraud Class Action:

On Apr. 4, 2023, The Wall Street Journal reported Signature Bank insiders sold $100 million in stock as the bank pivoted to attract cryptocurrency companies and became a stock-market darling. The executives sold many of their 2021 shares in the spring at around $220. Signature was one of only two companies in the S&P 500 that didn’t file insider-trading transactions with the SEC. The other was First Republic Bank. The bank also appeared to miscategorize some of its FDIC filings as dispositions to the company, meaning the shares were sold to the company, rather than sales on the open market.

The litigation focuses on Signature Bank’s repeated assurances that it was in a strong financial position despite the undisclosed risks it took.

Investors began to learn the truth on Mar. 12, 2023, when the New York Department of Financial Services announced that, to protect Signature Bank depositors, DFS had taken possession of the bank and appointed the Federal Deposit Insurance Corporation as the bank’s receiver.

“We’re focused on investors’ losses and investigating Signature Bank’s known but undisclosed risks, while insiders dumped their shares,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Signature Bank and have substantial losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Signature Bank should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email SBNY@hbsslaw.com.

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Contact:
Reed Kathrein, 844-916-0895


Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

Crypto Unicorns Launches Unicorn Party, Introduces First Mobile, Multiplayer Game Portfolio

June 8, 2023

Experts Are Recommending TRON (TRX), Arbitrum (ARB), and Collateral Network (COLT) for High Gains in 2023

June 8, 2023

Embracing Infinity: TMS Network (TMSN) Defies Limits as XRP (XRP) and Optimism (OP) Locked Down

June 8, 2023

TOKEN2049 Singapore Set to Be World’s Largest Web3 Event With Over 10,000 Attendees

June 7, 2023

Bybit Joins DMCC as Ecosystem Partner to Accelerate Development and Mass Adoption of Crypto and Web3

June 7, 2023

Money 20/20

WFIS 2023

NFT Show Europe 2023

CyFrica 2023

Blockchain Expo Europe 2023

Fintech Festival Asia 2023

European Blockchain Convention 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter