Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Lloyds Banking Group Plc (“Lloyds” or “the Company”) (NYSE: LYG). Investors who purchased Lloyds securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Lloyds has violated federal securities laws.
Investigation Details:
On February 4, 2024, the Financial Times published an article reporting that Iran had used Lloyds accounts “to covertly move money around the world as part of a vast sanctions-evasion scheme”. Specifically, the article reported that Lloyds provided accounts to British front companies secretly owned by Iran’s state-controlled Petrochemical Commercial Company. On this news, Lloyds’ American depositary receipt price declined on February 5, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Lloyds 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.
LYG — Stock Performance
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.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”