NYCB Faces Investor Suit Over Signature Bank Takeover

[Gunnar Larson]

NYCB Faces Investor Suit Over Signature Bank Takeover
<https://www.law360.com/newyork/articles/1794922?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-02-08&read_main=1&nlsidx=0&nlaidx=21>

By Katryna Perera

New York Community Bancorp has been hit with a class action by an investor
who claims the bank failed to disclose that it had a deteriorating book of
loans which would, in turn, cause major losses and force it to cut its
quarterly dividend to preserve capital, following its acquisition of assets
from the now-defunct Signature Bank.

 Complaint attached | Read full article »
<https://www.law360.com/newyork/articles/1794922?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-02-08&read_more=1&nlsidx=0&nlaidx=21>
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