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Central Federal Corporation (NASDAQ: CFBK) Investor Investigation Over Possible Breaches Of Fiduciary Duties Announced

  • Investors who purchased shares of Central Federal Corporation (NASDAQ: CFBK) and currently hold any of those NASDAQ: CFBK shares have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Central Federal Corporation
Security
NASDAQ: CFBK

Summary

An investigation on behalf of current long-term investors in shares of Central Federal Corporation (NASDAQ: CFBK) was announced over potential breaches of fiduciary duties by certain officers and directors at Central Federal.

The investigation by a law firm concerns whether certain Central Federal directors breached their fiduciary duties and caused damage to the company and its shareholders.

Worthington, OH based Central Federal Corporation operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. Central Federal Corporation reported that its annual Total Revenue rose from $14.41 million in 2017 to $20.6 million in 2018 and that its Net Income increased from $1.34 million in 2017 to $4.27 million in 2018.

Shares of Central Federal Corporation (NASDAQ: CFBK) declined from $16.95 per share in September 2018 to as low as $10.64 per share in late December 2018.

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