INVESTOR ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Hanmi Financial Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
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The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Hanmi Financial Corporation (“Hanmi” or “the Company”) (NASDAQ: HAFC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between August 12, 2019 and January 28, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before May 26, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Hanmi held a troubled loan in the amount of $40.7 million which would require millions of dollars in future provisions by the Company. As a result of the troubled loan, the Company would be required to appraise the value of personal property and take possession of that property to secure a portion of the loan. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Hanmi, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
SOURCE:
The Schall Law Firm
View source version on businesswire.com: https://www.businesswire.com/news/home/20200330005417/en/
