Schall law firm, a national shareholder law firm, has announced that it is filing a class action lawsuit against HDFC Bank Limited ("HDFC Bank" or "the Company") (NYSE: HDB) for violating Sections 10 (b) and 20 (a ) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the US Securities and Exchange Commission.
Investors who purchased the Company's securities between July 31, 2019 and July 10, 2020 (including the “Class Period”) are advised to contact the Company before November 2, 2020.
If you are a shareholder who has 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 at no charge. You can also contact us on the company's website at www.schallfirm.com or by email at firstname.lastname@example.org.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don't take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. HDFC Bank has not performed adequate disclosure controls and internal controls over financial reporting. The company has used inappropriate lending practices in its vehicle finance business. Because of these facts, the company's public statements were false and materially misleading throughout the teaching period. When the market learned the truth about HDFC Bank, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class action and shareholder disputes.
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