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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Involving Possible Securities Fraud Violations by Opus Bank and Certain of Its Officers and DirectorsLevi & Korsinsky, LLP announces that it has commenced an investigation of Opus Bank ("Opus Bank" or the "Company") (NASDAQ:OPB) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors. The investigation focuses on Opus Bank's October 17, 2016 announcement of its earnings for the third quarter 2016 where it disclosed that the Company recognized charge-offs on eight loan relationships through the allowance for loan losses at September 30, 2016. Charge-offs for the eight loan relationships totaled $38.8 million. On this news, Open Bank shares fell substantially in value thereby injuring investors. To obtain additional informaton about the investigation, go to: http://zlk.9nl.com/opus-bank-opb or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161020006406/en/ |
