Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fifth Third Bancorp (“Fifth Third” or “the Company”) (NASDAQ: FITB). Investors who purchased Fifth Third securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Fifth Third has violated federal securities laws.
Investigation Details:
On November 7, 2023, Fifth Third filed its quarterly report for its third fiscal quarter of 2023 with the U.S. Securities and Exchange Commission. Therein, the Company disclosed that its subsidiary “Fifth Third Bank, National Association is currently cooperating with investigations related to several civil investigative demands by a number of state attorneys general regarding the lending practices and installer relationships of Dividend Solar Finance, LLC, which the Bank acquired in May 2022. Among these is a civil investigative demand by a coalition of 17 state attorneys general relating to the Chapter 7 bankruptcy filing of one such installer, Power Home Solar, LLC, dba Pink Energy.” On this news, Fifth Third’s stock price fell $0.67 per share, or 2.56%, to close at $25.49 per share on November 8, 2023.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Fifth Third securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
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