NEW
YORK, Aug. 22, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of
KeyCorp.
Shareholders who purchased shares of KEY during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/key-loss-submission-form/?id=44178&from=4
CLASS PERIOD: February 27,
2020 to June 9, 2023
ALLEGATIONS: The complaint alleges that during the class period, Defendants
issued materially false and/or misleading statements and/or failed
to disclose that: (i) Key downplayed concerns with its liquidity
while overstating the effectiveness of its long-term liquidity
strategy; (ii) Key overstated its projected net interest income
("NII") for the second quarter and full year of 2023, as well as
related positive NII drivers, while downplaying negative NII
drivers; (iii) as a result, Key was likely to negatively revise its
previously issued NII guidance; (iv) all the foregoing, once
revealed, was likely to negatively impact Key's business, financial
results, and reputation; and (v) as a result, defendants' public
statements were materially false and/or misleading at all relevant
times.
DEADLINE: October 3, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/key-loss-submission-form/?id=44178&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of KEY during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is October 3, 2023. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal
business practices. The Gross Law Firm is committed to ensuring
that companies adhere to responsible business practices and engage
in good corporate citizenship. The firm seeks recovery on behalf of
investors who incurred losses when false and/or misleading
statements or the omission of material information by a company
lead to artificial inflation of the company's stock. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original
content:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-keycorp-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-october-3-2023--nyse-key-301906191.html
SOURCE The Gross Law Firm
