LAWSUITS FILED AGAINST FRC, IEP and VIRT - Jakubowitz Law Pursues Shareholders Claims

NEW YORK, NY / ACCESSWIRE / May 24, 2023 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

First Republic Bank (NYSE:FRC)

CONTACT JAKUBOWITZ ABOUT FRC:
https://claimyourloss.com/securities/first-republic-class-action-loss-submission-form/?id=39894&from=1

Class Period : January 14, 2021 - March 14, 2023

Lead Plaintiff Deadline : June 23, 2023

According to the complaint, Defendants misrepresented the strength of the Company's balance sheet and liquidity position, while also understating the significant pressure rising interest rates posed to First Republic's business model. Defendants also misrepresented the strength of the Company's ability to deliver consistent results across different interest rate environments, the diversity of the Company's deposit funding base, and the Company's ability to generate net interest income ("NII") growth and maintain stable net interest margin ("NIM").

Icahn Enterprises L.P. (NASDAQ:IEP)

CONTACT JAKUBOWITZ ABOUT IEP:
https://claimyourloss.com/securities/icahn-enterprises-class-action-loss-submission-form/?id=39894&from=1

Class Period : August 2, 2018 - May 9, 2023

Lead Plaintiff Deadline : July 10, 2023

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Icahn Enterprises was inflating its net asset value; (ii) the Company was using money taken in from new investors to pay out dividends to old investors; (iii) as a result, the Company would become the subject of criminal and/or regulatory scrutiny; and (iv) as a result of the foregoing, Defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Virtu Financial, Inc. (NASDAQ:VIRT)

CONTACT JAKUBOWITZ ABOUT VIRT:
https://claimyourloss.com/securities/virtu-class-action-loss-submission-form/?id=39894&from=1

Class Period : March 1, 2019 - April 28, 2023

Lead Plaintiff Deadline : July 18, 2023

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the Company maintained deficient policies and procedures with respect to its information access barriers; (ii) accordingly, Virtu had overstated the Company's operational and technological efficacy as well as its capacity to block the exchange of confidential information between departments or individuals within the Company; (iii) the foregoing deficiencies increased the likelihood that the Company would be subject to enhanced regulatory scrutiny; and (iv) as a result, defendants' public statements were materially false and/or misleading at all relevant times.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887

SOURCE: Jakubowitz Law

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