LOS ANGELES, May 15, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Signature Bank (OTC:SBNY) investors that a lawsuit filed on behalf of investors that purchased Signature Bank (OTC:SBNY) securities between March 2, 2023 and March 12, 2023, (the "Class Period").

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

According to the complaint, during the Class Period, the Defendants either provided inaccurate or incomplete information, or neglected to disclose crucial information, indicating that Signature Bank's financial position was not as robust as it had claimed to be. This made the bank vulnerable to regulatory scrutiny, and eventually, it was taken over by the New York Department of Financial Services on Sunday, March 12, 2023.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.

Admitted CA and NY Bar

lesley@portnoylaw.com

310-692-8883

www.portnoylaw.com

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Signature Bank: Please contact the Portnoy Law Firm to recover your losses; May 15, 2023 deadline