This is at least the second proposed class action filed by Signature stockholders since regulators shut down the bank on March 12.
April 03, 2023 at 04:01 PM
3 minute read
Pomerantz LLP has filed a proposed class-action suit against Signature Bank and its former executives in Brooklyn federal court, arguing that Signature downplayed the risks it faced from its involvement in the cryptocurrency industry.
The complaint filed March 31 in the U.S. District Court for the Eastern District of New York is at least the second proposed class action filed by Signature stockholders since regulators shut down the bank on March 12.
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A Signature Bank branch in Brooklyn, New York. Photo: Angus Mordant/Bloomberg
