USB LAWSUIT ALERT: Levi & Korsinsky Notifies U.S. Bancorp Investors of a Class Action Lawsuit and Upcoming Deadline

Nov 23rd, 2022 11:50 EST

New York, New York--(Newsfile Corp. - November 23, 2022) - Levi & Korsinsky, LLP notifies investors in U.S. Bancorp ("U.S. Bancorp" or the "Company") (NYSE: USB) of a class action securities lawsuit.

The lawsuit on behalf of U.S. Bancorp investors has been commenced in the the United States District Court for the Southern District of New York. Affected investors purchased or otherwise acquired certain U.S. Bancorp securities between August 1, 2019 and July 28, 2022. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/u-s-bancorp-class-action-submission-form?prid=34013&wire=5

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.

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U.S. Bancorp NEWS - USB NEWS

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (a) U.S. Bank created sales pressure on its employees that led them to open credit cards, lines of credit, and deposit accounts without consumers' knowledge and consent; (b) since at least 2015, U.S. Bank and by extension, U.S. Bancorp, was aware of such unauthorized conduct and that it was violating relevant regulations and laws aimed at protecting its consumers; (c) U.S. Bancorp failed to properly monitor its employees from engaging in such unlawful conduct, detect and stop the misconduct, and identify and remediate harmed consumers; (d) all the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny or investigation; (e) U.S. Bancorp's revenues were in part the product of unlawful conduct and thus unsustainable; and (f) as a result, the Company's public statements were materially false and misleading at all relevant times.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in U.S. Bancorp during the relevant timeframe, you have until December 27, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/u-s-bancorp-class-action-submission-form?prid=34013&wire=5 or call 212-363-7500 to discuss the case.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.Ed Korsinsky, Esq.55 Broadway, 10th FloorNew York, NY 10006[email protected]Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/145455

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