San Diego, CA -- (SBWIRE) -- 09/18/2023 -- Certain directors of Arrow Financial Corporation are under investigation over potential breaches of fiduciary duties.

Investors who are current long term investors in Arrow Financial Corporation (NASDAQ: AROW) shares, 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 for investors in NASDAQ: AROW stocks follows a lawsuit filed against Arrow Financial Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: AROW stocks, concerns whether certain Arrow Financial Corporation directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that, the Defendants made false and/or misleading statements and/or failed to disclose that Arrow Financial Corporation maintained defective disclosure controls and procedures and internal controls over financial reporting, that the foregoing increased the risk that the Company could not timely file one or more of its periodic financial reports with the SEC as required by the NASDAQ's listing requirements, that accordingly, Arrow was at an increased risk of being delisted from the NASDAQ, that following the disclosure of deficiencies in the Company's disclosure controls and procedures and internal controls over financial reporting, Arrow Financial Corporation downplayed the severity of these issues and the associated risks, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Arrow Financial Corporation (NASDAQ: AROW) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
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.