NEW YORK, April 28, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in First Republic Bank ("First Republic" or the "Company") (NYSE: FRC) of a class action securities lawsuit.

The lawsuit on behalf of First Republic Bank investors has been commenced in the United States District Court for the Northern District of California. Affected investors purchased or otherwise acquired certain First Republic securities between January 14, 2021 and March 14, 2023. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/first-republic-lawsuit-submission-form?wire=3

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

First Republic NEWS – FRC NEWS

CASE DETAILS: According to the complaint, defendants misrepresented the strength of the Company’s balance sheet and liquidity position, while also understating the significant pressure rising interest rates posed to First Republic’s business model. Defendants also misrepresented the strength of the Company’s ability to deliver consistent results across different interest rate environments, the diversity of the Company’s deposit funding base, and the Company’s ability to generate net interest income (“NII”) growth and maintain stable net interest margin (“NIM”).

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in FRC during the relevant timeframe, you have until June 23, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://zlk.com/pslra-1/first-republic-lawsuit-submission-form?wire=3 or call 212-363-7500 to discuss the case.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 4th Floor Suite #427
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com 

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