Citizens Bank Class Action Lawsuit – Royal Bank of Canada


Citizens Bank Class Action Lawsuit – A Class Action Lawsuit Against the Royal Bank of Canada

A bank class action lawsuit was recently filed against RBS citizens financial group, Inc., Royal Bank of Canada, Bank of Nova Scotia, Bank of New York Mellon, National Association of Securities Dealers, Citibank, HSBC Bank USA, PNC Bank and several of their affiliates, in the U.S. District Court for the Northern District of Illinois (“”, et al.). According to the plaintiffs, all of these entities engaged in the fraudulent activities of misleading investors by issuing statements in the form of press releases that did not reflect the actual state of affairs at the bank. Among other things, they stated that the banks were experiencing “continued” financial difficulties, when in fact there were no financial problems whatsoever.

Among the other plaintiffs are investors who were defrauded by statements made by RBS and several of its affiliates that indicated that the banks were experiencing substantial losses. There are also other investors whose loss has been mitigated by the bank’s failure to undertake its financial obligations as agreed upon by the creditors. The suit also seeks to hold accountable the bank’s failure to provide reasonable notice to investors of these potential losses. In addition, the suit seeks damages for emotional stress, negligence and punitive damages suffered by the investors.

In this bank class action lawsuit, there are two main issues to be resolved: First, the claim that the statements issued by RBS, and the issuers of the press releases, were false. Second, the plaintiffs’ claim that the defendants were negligent in their conduct of business dealings with the bank’s clients and in advising the borrowers of the risks that such dealings entailed. Both of these claims have been vigorously contested in the courts.

As a plaintiff in a bank class action lawsuit, you will undoubtedly have a great deal of personal information to share in this litigation. This may include your personal experiences with RBS and the various institutions it served. You may also be required to testify as to your personal experiences with the bank’s services, as well as the advice you received regarding your financial affairs.

The defendants named in this lawsuit are all members of the Royal Bank Group, which is an American multinational financial services company based in the State of Delaware. Its operations are primarily in the United Kingdom, Canada, Australia and Ireland.

In this bank class action lawsuit, the plaintiffs are asking the court to issue a preliminary injunction against RBS and/or its affiliates, barring them from further misleading statements in the future. in violation of federal securities laws. They are also asking the court to award substantial damages to their clients for their losses and suffering, including punitive damages, punitive and compensatory damages. The plaintiff’s lawsuit seeks to recover actual damages and reasonable attorney’s fees. If you have been injured as a result of the alleged conduct, you may seek compensation for those losses from the profits of the company and/or the amount of money your losses have cost you.

The defendants named in the bank class action lawsuit are, in alphabetical order: Royal Bank of Canada; RBC; Royal Bank of New Jersey; RBC New York; RBC Toronto-Dominion Bank; N.A. (Toronto-Dominion Bank of Canada); N.R. (Northeastern Bank); N.J. {S0. Bank of America, N.C. Bank of Montreal, Royal Bank of Toronto-Dominion Bank; and Canadian Imperial Bank of Commerce, which is the parent company of Canadian Imperial Bank of Commerce.

Bank of America, RBC, N.R., and Canadian Imperial Bank of Commerce are four of the largest banks in the U.S. and are considering to be the biggest financial companies in North America. This list of large banks would include the country’s largest banks; however, it does not include RBS in the top 10 list. Other large banks that may also be named in the case are Canadian National Bank, National Westminster Bank, Northern Trust Corporation, Peoples Trust Company, Suntrust Financial Corporation, and Trustmark Corporation.

If you have been injured in the course of this bank class action lawsuit, you may also be able to claim compensation for pain and suffering, medical expenses, lost wages, out of pocket costs, damage to reputation, and emotional distress. You may also be able to seek monetary awards for lost wages, emotional distress, and/or loss of enjoyment of life.

If you have been injured due to the conduct of any of these companies or organizations, you should consider taking legal action to recover compensation. This is not the first bank class action lawsuit, and you may be able to get a significant amount of relief.

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