N@N

Kendall Law Group Investigates CVB Financial Corporation for Shareholders

^{Published on 2010-08-23 13:40:17 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating CVB Financial Corporation (NASDAQ: CVBF) for shareholders. The investigation concerns potential breaches of fiduciary duties by the board of directors and other company executives related to an ongoing investigation by the Securities and Exchange Commission (SEC). Purchasers of CVB common stock during the period between October 22, 2009 and August 9, 2010 are urged to contact Scott Kendall of the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On August 10, 2010, CVB announced that it received a subpoena from the SEC and that there was a corresponding non-public investigation. The investigation seeks to collect information about CVB's loan underwriting guidelines and its methodology for grading loans and making provisions for loan losses. The SEC has also requested information about presentations CVB has given or conferences the bank has attended with analysts, brokers, investors or prospective investors. CVB shares prices dropped 22% on August 10 in apparent reaction to news of the investigation.

Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation. The firm helps shareholders exercise their power to protect their investments when companies break the law. If you are a CVB shareholder, you are encouraged to contact the Kendall Law Group to learn more about your rights.