OPB Opus Bank

EQUITY ALERT: Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duty by Management of Opus Bank - OPB

NEW YORK--(BUSINESS WIRE)--

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential breaches of fiduciary duty by management of Opus Bank (NASDAQ:OPB) resulting from allegations that management may have issued materially misleading business information to the investing public.

On October 17, 2016, Opus Bank issued a press release entitled “Opus Bank Announces Loan Charge-Offs Will Impact Third Quarter Earnings.” Opus Bank stated, “As part of the credit review process of impaired loans, new developments supported charge-offs being recognized on eight loan relationships through the allowance for loan losses at September 30, 2016.” On this news, shares of Opus Bank declined $7.25 per share to close at $27.20 per share on October 17, 2016, damaging investors.

If you purchased shares of Opus Bank on or before October 17, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-1043.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

EN
30/01/2017

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