HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating RBB Bancorp (RBB) For Possible Securities Law Violations and Encourages Investors with Significant Losses to Contact Firm's Attorneys
SAN FRANCISCO, March 1, 2022 /PRNewswire/ -- Hagens Berman urges RBB Bancorp (NASDAQ: RBB) investors with significant losses to submit your losses now. The firm is investigating possible securities law violations.
Visit: www.hbsslaw.com/investor-fraud/RBB
Contact An Attorney Now: [email protected]
844-916-0895
RBB Bancorp (RBB) Investigation:
The investigation focuses on the propriety of RBB's disclosures to investors.
Specifically, on Feb. 18, 2022, RBB announced the abrupt departure of the EVP and Chief Lending Officer (Tammy Song) of RBB's wholly owned subsidiary Royal Business Bank.
Four days later, on Feb. 22, 2022, RBB announced its President and CEO (Alan Thian) would take a leave of absence, effective immediately, pending an internal investigation being conducted by a special committee of the company's board of directors.
These events drove the price of RBB shares sharply lower.
"We're focused on investors' losses and whether RBB misrepresented its business, operations and prospects," said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you invested in RBB and have significant 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 RBB 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 mailto:[email protected].
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
SOURCE Hagens Berman Sobol Shapiro LLP
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