Overview

• Multiple law firms have announced class action lawsuits against New York Community Bancorp, Inc. for alleged securities law violations.
• The lawsuits cover a class period between March 1, 2023, and January 30, 2024, inclusive.
• Investors allege that the company failed to disclose material information affecting its financial stability and prospects.
• The company announced a significant quarterly net loss of $252 million in 4Q 2023, attributed to higher loan losses.
• Shares of New York Community Bancorp fell dramatically by 37.57% following the announcement of the financial results.