The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Comerica Incorporated (“Comerica” or “the Company”) (NYSE: CMA) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. American Banker reported on May 29, 2023, that it had been given internal Comerica documents that showed its management recognizing compliance failures in its operations related to a Treasury Department program providing federal benefits on prepaid cards. Based on this news, shares of Comerica fell by 3.6% on May 30, 2023.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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