Business & Finance
Wed, September 8, 2010Tue, September 7, 2010Mon, September 6, 2010Sat, September 4, 2010Fri, September 3, 2010Thu, September 2, 2010Wed, September 1, 2010Tue, August 31, 2010Mon, August 30, 2010Fri, August 27, 2010Thu, August 26, 2010Wed, August 25, 2010Tue, August 24, 2010Mon, August 23, 2010Sun, August 22, 2010Fri, August 20, 2010Thu, August 19, 2010The Briscoe Law Firm, PLLC Investigates Northern Trust Corporation for Possible Breaches of Fiduciary Duties by its Officers an
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Published in Business and Finance on Tuesday, August 31st 2010 at 7:41 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims available to purchasers of Northern Trust Corporation (aNTRSa or aCompanya) (NASDAQ: NTRS) stock during the period of October 17, 2007 and October 20, 2009.
It has been alleged that NTRS and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements regarding the Companya™s business and financial affairs, leading the Companya™s share price to be artificially inflated during the class period. Specifically, NTRS allegedly failed to disclose the extent of its delinquent commercial real estate loans and certain risks associated with its securities lending program. During the class period, and while the stock traded at artificially high prices, top officers and directors for NTRS sold over 1.5 million shares of their stock, for proceeds of over $106.5 million. Then on October 21, 2009, the Company announced that its third quarter results would not reach expectations, partly because of the serious decline of its securities lending program and its non-performing commercial loans. On that same day, NTRSa™s stock price fell more than over 6%.
If you currently own or purchased NTRS shares and would like additional information regarding this investigation, or if you have information regarding the allegations against the company, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ] or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.