First Republic Bank

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of First Republic Bank (NYSE: FRC, FRC-PI, FRC-PH, FRC-PJ, FRC-PK, FRC-PL, FRC-PM, FRC-PN) between January 14, 2021 and May 1, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 23, 2023.

If you purchased First Republic securities and would like to join the action, please click “Join This Class Action.”

Class Period:January 14, 2021 through May 1, 2023
If you purchased First Republic securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about First Republic’s  business, operations, and prospects. Specifically, defendants:

  • misrepresented the strength of First Republic’s  balance sheet and liquidity position;
  • understated the significant pressure rising interest rates posed to First Republic’s business model;
  • misrepresented the strength of First Republic’s ability to deliver consistent results across different interest rate environments;
  • misrepresented the diversity of First Republic’s deposit funding base; and
  • misrepresented First Republic’s ability to net interest income (“NII”) growth and maintain stable net interest margin (“NIM”).

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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

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Company Name: First Republic Bank
Stock Symbol: FRC
Class Period: January 14, 2021 through May 1, 2023
Court: United States District Court Northern District of California

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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