LOS ANGELES–(BUSINESS WIRE)–$PFS #PFS—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Provident Financial Services, Inc. (“Provident” or “the Company”) (NYSE: PFS) 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. The emails of certain Provident executives became public as part of a December 2019 lawsuit. The emails reveal that the Company and its executives were aware of fraudulent activity related to at least one of the Company’s multiple failed loans over the past few years. CEO Christopher Martin as well as other executives ignored multiple red flags in such cases, including extending a $17 million loan to Lotus Exim International.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
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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The Schall Law Firm
Brian Schall, Esq.