EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Metro Bank PLC – MBNKF

NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it has
filed a class action lawsuit on behalf of purchasers of the securities
of Metro Bank PLC (OTC: MBNKF) from March 6, 2018 through May 1, 2019,
inclusive (the “Class Period”). The lawsuit seeks to recover damages for
Metro Bank investors under the federal securities laws.

To join the Metro Bank class action, go to http://www.rosenlegal.com/cases-register-1563.html
or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com
or cases@rosenlegal.com for
information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN
ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD
PLAINTIFF

According to the lawsuit, defendants throughout the Class Period made
false and/or misleading statements and/or failed to disclose that: (1)
Metro Bank misclassified the risk terms of many of its loans; (2)
accordingly, Metro Bank failed to maintain sufficient capital; (3) this
conduct would lead to investigations by the Prudential Regulation
Authority and Financial Conduct Authority; (4) this conduct would also
lead to the reduction of deposits at Metro Bank from larger commercial
and partnership clients; and (5) as a result, defendants’ public
statements were materially false and/or misleading at all relevant
times. When the true details entered the market, the lawsuit claims that
investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than July 29, 2019. A
lead plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you wish to join the litigation,
go to http://www.rosenlegal.com/cases-register-1563.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. of Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com
or cases@rosenlegal.com.

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Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013. Rosen
Law Firm has secured hundreds of millions of dollars for investors.

Contacts

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275
Madison Avenue, 34^th Floor
New York, NY 10016
Tel:
(212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com