San Diego, CA -- (SBWire) -- 05/12/2022 --An investigation was announced for long-term investors in shares of RBB Bancorp (NASDAQ: RBB) over potential breaches of fiduciary duties by certain directors at RBB Bancorp.
Investors who purchased shares of RBB Bancorp (NASDAQ: RBB) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain RBB Bancorp directors breached their fiduciary duties and caused damage to the company and its shareholders.
Los Angeles, CA based RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities.
On Feb. 18, 2022, RBB Bancorp announced the departure of the EVP and Chief Lending Officer (Tammy Song) of RBB Bancorp's wholly owned subsidiary Royal Business Bank.
Then on Feb. 22, 2022, RBB Bancorp announced its President and CEO (Alan Thian) would take a leave of absence, effective immediately, pending an internal investigation being conducted by a special committee of the company's board of directors.
Shares of RBB Bancorp (NASDAQ: RBB) declined from $27.43 per share on February 02, 2022, to as low as $20.68 per share on February 24, 2022.
Those who purchased shares of RBB Bancorp (NASDAQ: RBB) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
RBB Bancorp (NASDAQ:RBB) Shareholder Alert: Investigation over Possible Breaches of Fiduciary Duties
An investigation on behalf of investors in RBB Bancorp (NASDAQ:RBB) shares over potential wrongdoing at RBB Bancorp was announced.