NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Comerica Incorporated (“Comerica”) (NYSE: CMA) breached their fiduciary duties to Comerica and its shareholders.
Scott+Scott is investigating whether members of Comerica’s board of directors or senior management failed to manage Comerica in an acceptable manner, in breach of their fiduciary duties to Comerica, and whether Comerica and its shareholders have suffered damages as a result.
On December 6, 2024, the U.S. Consumer Financial Protection Bureau (the “CFPB”) filed suit against Comerica Bank over its handling of Direct Express benefits cards. The CFPB accused Comerica of mismanaging the program in multiple ways for years, alleging that Comerica, among other things, charged improper ATM fees to more than 1 million cardholders and treated customers unfairly by providing poor customer service.
What You Can Do – CLICK HERE FOR YOUR OPTIONS AS A SHAREHOLDER
If you own shares of Comerica, you may have legal claims against Comerica’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at (844) 818-6982 or jpettigrew@scott-scott.com.
About Us
Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoings, including securities law and shareholder violations.
With more than 100 attorneys in nine offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief.
Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation, and have received top Chambers 2024 rankings. In addition, we have been recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States.
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