The Law Offices of Frank R. Cruz Announces Investigation of Comerica Incorporated (CMA) on Behalf of Inve
The Law Offices of Frank R. Cruz announces an investigation of Comerica Incorporated ("Comerica" or the "Company") CMA on behalf of investors concerning the Company's possible violations of federal securities laws.
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On May 29, 2023, American Banker reported that it had obtained internal documents from Comerica showing officials privately acknowledging compliance failures related to the Company's operation of a Treasury Department program that provides federal benefits on prepaid cards to millions of unbanked Americans.
On this news, Comerica's stock price fell $1.40, or 3.6%, to close at $37.59 on May 30, 2023, thereby injuring investors.
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If you purchased Comerica securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.