An investigation for investors in RBB Bancorp (NASDAQ:RBB) shares over potential securities laws violations by RBB Bancorp was announced.
San Diego, CA — (SBWIRE) — 03/09/2022 — RBB Bancorp is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of RBB Bancorp (NASDAQ: RBB), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by RBB Bancorp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Los Angeles, CA based RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. On Feb. 18, 2022, RBB Bancorp announced the departure of the EVP and Chief Lending Officer (Tammy Song) of RBB Bancorp’s wholly owned subsidiary Royal Business Bank.
Then on Feb. 22, 2022, RBB Bancorp 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.
Shares of RBB Bancorp (NASDAQ: RBB) declined from $27.43 per share on February 02, 2022, to as low as $20.68 per share on February 24, 2022.
Those who purchased shares of RBB Bancorp (NASDAQ: RBB) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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