Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of KeyCorp (NYSE: KEY) between February 27, 2020 and June 9, 2023, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for KeyCorp investors under the federal securities laws. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 3, 2023.

Class Period:February 27, 2020 through June 9, 2023
If you purchased KeyCorp 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 throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • Key downplayed concerns with its liquidity while overstating the effectiveness of its long-term liquidity strategy;
  • Key overstated its projected NII for the second quarter (“Q2”) and full year (“FY”) of 2023, as well as related positive NII drivers, while downplaying negative net interest income (“NII”) drivers;
  • as a result, Key was likely to negatively revise its previously issued NII guidance;
  • all of the foregoing, once revealed, was likely to negatively impact Key’s  business, financial results, and reputation; and
  • as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

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: KeyCorp
Stock Symbol: KEY
Class Period: February 27, 2020 through June 19, 2023
Court: United States District Court for the Northern District of Ohio

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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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