Grabar Law Office has filed a federal class action brought individually and on behalf of all other persons and entities who purchased or otherwise acquired Sterling common stock from November 17, 2017 through and including March 17, 2020, (the “Class Period”), seeking to recover damages pursuant to § 10(b) and § 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b- 5 promulgated thereunder (the “Class”).
This action also alleges claims under §§ 11, 12(a)(2) and 15 of the Securities Act of 1933 (the “Securities Act”) on behalf of members of the Class that purchased or otherwise acquired Sterling common stock in or traceable to the Company’s initial public offering, which commenced on or about November 17, 2017 (the “IPO” or “Offering”). Under the Securities Act, Defendants are strictly liable for the material misstatements in the Registration Statement and Prospectus.
A copy of the Complaint can be viewed here: Orr v. Sterling Bancorp – FILED 2020.03.27
To learn more about this action, contact us today!