Class Action Lawsuit Filed Against New York Community Bancorp Over Misleading Statements

Investors encouraged to join lawsuit by April 8, following NYCB's significant fourth quarter losses and stock price drop.

Rosen Law Firm files a class action lawsuit against New York Community Bancorp, Inc. for misleading statements and failure to disclose material information.
Investors with losses exceeding $100 are reminded to file lead plaintiff applications by April 8, 2024.
The lawsuit claims NYCB failed to disclose the adverse effects of the Signature Bank acquisition, including non-compliance with enhanced prudential standards.
NYCB reported a fourth quarter net loss of $252 million, primarily due to higher net charge-offs and a significant increase in the allowance for credit losses.
The company's stock price fell $3.90, or 37.57%, following the announcement of its fourth quarter financial results.