INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Comerica Incorporated (CMA) on Behalf of Investors

Law Offices of Howard G. Smith announces an investigation on behalf of Comerica Incorporated (“Comerica” or the “Company”) (NYSE: CMA ) investors concerning the Company’s possible violations of federal securities laws.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, May 31, 2023
Information
Tags: 
Class Action Lawsuit, Professional Services, Legal, Telephone, Suite, Comerica, American Banker, CMA, Department of the Treasury, News, NYSE, Cryptocurrency
Geotags: 
UNITED STATES, NORTH AMERICA, PENNSYLVANIA
Organisation: 
LAW OFFICES OF HOWARD G. SMITH, COMERICA
Stock Symbol: 
NYSE:CMA
Summary
Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of Comerica Incorporated (“Comerica” or the “Company”) (NYSE: CMA ) investors concerning the Company’s possible violations of federal securities laws.
  • On May 29, 2023, American Banker reported that it had obtained internal documents from Comerica showing officials privately acknowledging compliance failures related to the Company’s operation of a Treasury Department program that provides federal benefits on prepaid cards to millions of unbanked Americans.
  • On this news, Comerica’s stock price fell $1.40, or 3.6%, to close at $37.59 on May 30, 2023, thereby injuring investors.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


Law Offices of Howard G. Smith announces an investigation on behalf of Comerica Incorporated (“Comerica” or the “Company”) (NYSE: CMA) investors concerning the Company’s possible violations of federal securities laws.

On May 29, 2023, American Banker reported that it had obtained internal documents from Comerica showing officials privately acknowledging compliance failures related to the Company’s operation of a Treasury Department program that provides federal benefits on prepaid cards to millions of unbanked Americans.

On this news, Comerica’s stock price fell $1.40, or 3.6%, to close at $37.59 on May 30, 2023, thereby injuring investors.

If you purchased Comerica securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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