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Standard Chartered PLC (OTCMKTS:SCBFF) Investor Investigation Over Potential Securities Laws Violations Announced

  • If you purchased shares of Standard Chartered PLC (OTCMKTS:SCBFF), you have certain options and you 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
Standard Chartered PLC
Security
OTCMKTS: SCBFF

Summary

September 26, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Standard Chartered PLC (OTCMKTS:SCBFF) shares over potential securities laws violations by Standard Chartered PLC and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Standard Chartered PLC (OTCMKTS:SCBFF) concerning whether a series of statements by Standard Chartered PLC regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On September 27, 2016, it was reported that the U.S. Department of Justice is investigating Standard Chartered PLC concerning 'allegations that an Indonesian power company controlled by the London-based bank paid bribes to win contracts.'

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) closed on September 30, 2016, at $8.15 per share.

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