First BanCorp. under shareholder investigation
An investigation on behalf of investors in First BanCorp. (Public, NYSE:FBP) over potential shareholder claims concerning losses was announced.
If you are an investor in First BanCorp. (Public, NYSE:FBP) shares, or have information relating to this investigation, you have certain options and you should contact the Shareholders Foundation, Inc. at:
mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
The investigation by a law firm focuses on whether First BanCorp. (NYSE: FBP), its officers and/or directors made public statements about First BanCorp.’s earnings, capital, prospects and/or operations that were materially false or misleading at the time they were made. First BanCorp, located in Santurce, Puerto Rico, is a publicly-owned financial holding company. The Corporation is a bank holding company for FirstBank Puerto Rico and is a full service provider of financial services and products with operations in Puerto Rico, the United States and the US and British Virgin Islands. It provides a range of financial services for retail, commercial and institutional clients. First BanCorp. had in 2007 $17.18693billion in Total Assets and reported a Net Income of $68.14million. In 2008 First BanCorp. had $19.49127billion in Total Assets and reported a Net Income of $109.94million. Shares of First BanCorp. (FBP) traded recently at $2.31 per share, down from its 52weekHigh of $9.01 per share, $11.05 per share on January 02, 2009, $12 per share in Sep. 2008, and over $31 per share in 2004.
Those who are investors in First BanCorp. (Public, NYSE:FBP) shares, or have information relating to this investigation, have certain options and should contact the Shareholders Foundation, Inc. at:
mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423 –
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
Short URL: http://readit.in/?p=7068
