Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Lloyds Banking Group plc (NYSE: LYG) resulting from allegations that Lloyds may have issued materially misleading business information to the investing public.
If you purchased Lloyds securities and would like to join the prospective action, please click “Join This Class Action.”
On February 5, 2024, the Financial Times published an article entitled “Iran used Lloyds and Santander accounts to evade sanctions.” This article stated, in part that “Lloyds [. . .] provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the Financial Times.”
On this news, the price of Lloyds American Depositary Receipts (“ADRs”) declined on February 5, 2024.
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