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If you are an investor Fifth Third Bancorp (NASDAQ:FITB) stock, and/or if you have information relating the investigation including former employees and/or whistleblowers, you have certain options and you should contact the Shareholders Foundation, Inc.
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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
After Fifth Third Bancorp disclosed that it received a subpoena by the SEC an investigation on behalf of investors in Fifth Third Bancorp (NASDAQ:FITB) concerning possible violations of Federal Securities Law by Fifth Third Bancorp or others was announced.
The investigation by a laws firm focuses on possible shareholder claims in connection with potential violations of the federal securities laws by Fifth Third Bancorp (Nasdaq: FITB) and certain of its directors and officers.
Fifth Third Bancorp reported in 2007 a Net Income of $1.076billion, but reported in 2008 a Net Loss of $2.113billion. Shares of Fifth Third Bancorp (FITB) traded during 2007 as high as $42.93 per share and fell in 2008 to as low as $7.49 and in 2009 to as low as $1.03 per share. Since then FITB shares increased to $15.52 on Feb 11.
Then on February 28, 2011, Fifth Third Bancorp disclosed in its annual filing with the Securities and Exchange Commission (SEC) that it has received a subpoena. Fifth Third Bancorp said that the SEC is investigating and has made several requests for information concerning issues which Fifth Third understands relate to accounting and reporting matters involving certain of its commercial loans.
