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Popular, Inc. Investor Investigation

  • If you purchased Popular common stock (Nasdaq:BPOPN) between January 23, 2008 and January 22, 2009, you have certain options and you should contact the Shareholders Foundation, Inc. immediately!

  • 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
Popular, Inc.
Security
NASDAQ: BPOP

Summary

An investigation on behalf of certain investors in Popular, Inc. (Nasdaq:BPOPN) over possible violation of federal securities law by Popular, Inc. (Nasdaq:BPOPN) was announced.

According to a press release the investigation by a law firm focuses on, among other things, whether Popular, Inc misrepresented the impact the sale of certain mortgage related assets would have on its financial condition, misrepresented the quality of the its remaining mortgage-related loans in its U.S. mainland portfolios, and failed to disclose that Popular, Inc was facing liquidity concerns and would likely cut or eliminate dividend payments to shareholders. Popular, Inc. is a diversified bank holding company and operates in three target markets: Puerto Rico, the mainland United States, and processing and other technology services in Puerto Rico, Venezuela, Florida and the Dominican Republic. Popular, Inc.s stock traded on Wednesday at $2.45. BPOPN reached over $14 in 2008, and had an all time high with almost $29 in 2004.

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