INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Sterling Bancorp, Inc. and Encourages Investors to Contact the Firm Before April 27
Sterling Bancorp, Inc. (SBT)
Last sterling bancorp, inc. earnings: 10/28 04:07 pm
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Source: GlobeNewswire
NEW YORK, March 13, 2020 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Michigan on behalf of those who acquired Sterling Bancorp, Inc. (“Sterling” or the “Company”) (NASDAQ: SBT) securities during the period from November 17, 2017 through December 8, 2019 and/or pursuant to the Company’s November 17, 2017 Initial Public Offering (“IPO”). Investors have until April 27, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The lawsuit alleges that Defendants failed to disclose material facts concerning the Company’s loan underwriting, risk management, and internal controls, including repeatedly touting its strict underwriting, asset quality, and the Advantage Loan Program. On November 17, 2017, Sterling commenced its IPO, offering fifteen million shares of common stock at a price of $12.00 per share. On December 9, 2019, Sterling disclosed tha
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