SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of HSBC Holdings plc (HSBC)

NEW YORK, Feb. 20, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of HSBC Holdings plc ("HSBC Holdings" or the "Company") (NYSE: HSBC). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/hsbc.

The investigation concerns whether HSBC and certain of its officers and/or directors have violated Sections federal securities laws.

On February 20, 2018, HSBC announced full-year profit that fell below analyst expectations.  Debt related to the South African retailer Steinhoff International Holdings N.V., which announced significant accounting irregularities in December 2017 and is restructuring, and the U.K. services and construction company Carillion plc, which entered liquidation proceedings in January 2018, increased HSBC's bad loan charges to $1.77 billion for the year, higher than analyst expectations.  HSBC advised investors that it would delay a share buyback program while raising additional debt in the first half of 2018.  On this news, HSBC's American depositary receipt price has fallen sharply during intraday trading on February 20, 2018.

If you are aware of any facts relating to this investigation, or purchased shares of HSBC, you can assist this investigation by visiting the firm's site: www.bgandg.com/hsbc.  You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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