Fifth Third Bancorp ($FITB) $5.5M Investor Settlement

The settlement funds have been distributed to claimants.

$5,500,000

Cash Settlement

2020CH05219

Case number

08/03/2018

Class period Start

03/22/2019

Class period End

Fifth Third Bancorp ($FITB) has agreed to settle $5.5 million with investors to resolve claims that misleading disclosures tied to its 2019 acquisition of MB Financial caused shareholder losses.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Failure to Disclose

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Filing date

07/31/2020

Plaintiffs

Steven Fox

Attorneys

Labaton Sucharow LLP

Defendants

Greg D. Carmichael ; Tayfun Tuzun ; Mark D. Hazel ; Nicholas K. Akins

Trades matching type

FIFO

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