Citizens Financial Group, Inc.

Period: Mar 18, 2016 to Mar 29, 2017

Lead Plaintiff Deadline: Jun 26, 2017

Summary of Case:

A securities class action has been filed against Citizens Financial Group, Inc. ("Citizens" or the "Company") (NYSE: CFG) on behalf of a class (the "Class") consisting of persons and entities that acquired Citizens securities between March 18, 2016 through March 29, 2017.  This case has been filed in the USDC - Southern District of New York.

On March 29, 2017, the Wall Street Journal ("WSJ") reported that certain Citizens employees admitted that Company employees faked "financial checkup" meetings with customers. The Company claimed that the "Citizens Checkup" program resulted in 400,000 scheduled appointments in 2016. However, according to the WSJ, former employees said they falsified information because of pressure to meet expectations related to the program. On this news the Company's stock price declined, injuring investors.

The complaint filed in this lawsuit alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that Company employees were falsifying information related to the Citizens Checkup program; (2) that, as a result, the Company's reported Citizens Checkup figures were inflated; and (3) that, as a result of the foregoing, Defendants' statements about Citizens' business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.

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