Monthly Archives: March 2020

Tostrud Law Group, PC announces an investigation on behalf of Hanmi Financial Corporation (“Hanmi” or the “Company”) (NASDAQ: HAFC) investors concerning the Company and its officers’ possible violations of federal securities laws.

On January 28, 2020, Hanmi issued a press release announcing the Company’s financial results for the 2019 fiscal fourth quarter. Therein, Hanmi reported net income of $3.1 million for fourth quarter 2019, which included “a $6.9 million specific provision for loan and lease losses related to [a] previously identified $39.7 million troubled loan relationship.” According to Hanmi’s President and Chief Executive Officer Bonnie Lee, “[w]ith the loans comprising this relationship maturing on December 31, 2019, [Hanmi] received current appraisals on the personal property securing the relationship and ha[s] provided for a specific allowance at the lower range of the appraised values.”

On this news, the Company’s share price fell $1.77, or over 9%, to close at $16.99 per share on January 29, 2020, on usually heavy trading volume.

If you purchased Hanmi 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 Jon A. Tostrud of Tostrud Law Group, PC by telephone at (310) 278-2600, toll-free at (855) 854-8678, or by email to shareholder@tostrudlaw.com, or visit our website at http://tostrudlaw.com/.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Tostrud Law Group, PC

Jon A. Tostrud, Esquire

1925 Century Park East, Suite 2100

Los Angeles, CA 90067 
310-278-2600

855-854-8678
shareholder@tostrudlaw.com
http://tostrudlaw.com/

Tostrud Law Group, PC announces an investigation on behalf of Nordstrom Inc. (“Nordstrom” or the “Company”) (NYSE: JWN) investors concerning the Company and its officers’ possible violations of federal securities laws.

On November 15, 2018, the Company disclosed an estimated charge of $72 million resulting “from some delinquent Nordstrom credit card accounts being charged higher interest in error.”

On this news, Nordstrom’s share price fell $8.06, more than 13%, to close at $50.93 per share on November 16, 2018, thereby injuring investors.

If you purchased Nordstrom 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 Jon A. Tostrud of Tostrud Law Group, PC by telephone at (310) 278-2600, toll-free at (855) 854-8678, or by email to shareholder@tostrudlaw.com, or visit our website at http://tostrudlaw.com/.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Tostrud Law Group, PC

Jon A. Tostrud, Esquire

1925 Century Park East, Suite 2100

Los Angeles, CA 90067 
310-278-2600

855-854-8678
shareholder@tostrudlaw.com
http://tostrudlaw.com/

Tostrud Law Group, PC announces an investigation on behalf of Diageo plc (“Diageo” or the “Company”) (NYSE: DEO) investors concerning the Company and its officers’ possible violations of federal securities laws.

On July 23, 2015, The Wall Street Journalreported that the Securities and Exchange Commission (“SEC”) is investigating whether Diageo has been shipping excess inventory to distributors in an effort to boost the liquor company’s results. 

On this news, shares of Diageo fell $4.75 per share, or more than 3.90%, to close at $114.91 on July 23, 2015, thereby injuring investors.

Then, on February 19, 2020, the SEC announced that it had settled the claims against Diageo for $5 million. According to the announcement, “employees at Diageo North America (DNA), Diageo’s largest and most profitable subsidiary, pressured distributors to buy products in excess of demand in order to meet internal sales targets in the face of declining market conditions.” Moreover, this “increase in shipments enabled Diageo to meet performance targets and to report higher growth in key performance indicators.”

If you purchased Diageo 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 Jon A. Tostrud of Tostrud Law Group, PC by telephone at (310) 278-2600, toll-free at (855) 854-8678, or by email to shareholder@tostrudlaw.com, or visit our website at http://tostrudlaw.com/.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Tostrud Law Group, PC

Jon A. Tostrud, Esquire

1925 Century Park East, Suite 2100

Los Angeles, CA 90067 
310-278-2600

855-854-8678
shareholder@tostrudlaw.com
http://tostrudlaw.com/