Levi & Korsinsky is investigating CVB Financial Corporation (NASDAQ: CVBF) (“CVB” or the “Company”) for potentially violating state and federal securities laws by issuing false and misleading statements to its shareholders.
New York, NY, August 12, 2010 — Levi & Korsinsky is investigating CVB Financial Corporation (NASDAQ: CVBF) (“CVB” or the “Company”) for potentially violating state and federal securities laws by issuing false and misleading statements to its shareholders. Concerned shareholders should contact Joseph Levi at 877-363-5972 or by email at [email protected] for more information. All inquires will be kept strictly confidential.
On August 10, 2010, the Company announced that it received a subpoena from the Securities & Exchange Commission requesting information about how the California bank handles troubled loans. In addition, the subpoena requests information regarding presentations CVB has made to investors.
Shares of CVB plunged almost 25% on this news, falling to as low as $7.75, a decline of $2.55 compared to the prior day’s close of $10.30 per share.
If you purchased the common stock of CVB and would like to discuss this action, or if you have any questions concerning your rights as a potential class member, please contact Joseph Levi either via email at [email protected] or by telephone at 877-363-5972, or visit http://www.zlk.com/cvbf-class-action.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq. 30 Broad Street – 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Fax: (212) 363-7171, www.zlk.com -or- http://www.zlk.com/cvbf-class-action.html.
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Press Contact:
Jared Morine
Levi & Korsinsky, LLP
30 Broad Street, 15th Floor
New York, NY 10004
212-363-7500
[email protected]
