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Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses Investing In Commonwealth Bankshares Inc. To Contact The Firm
By: PR Newswire
Jan. 23, 2013 07:07 PM
NEW YORK, Jan. 23, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Commonwealth Bankshares Inc. ("Commonwealth Bankshares" or the "Company") (OTC: CWBS).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that the Company and its management fraudulently understated the Bank's loan loss reserves and concealed the Bank's inadequate internal controls, which ultimately caused the Bank to fail.
Request more information now by clicking here: www.faruqilaw.com/CWBS. There is no cost or obligation to you.
If you invested in Commonwealth Bankshares stock or options before September 23, 2011 and would like to discuss your legal rights, visit www.faruqilaw.com/CWBS. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Commonwealth Bankshares' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
SOURCE Faruqi & Faruqi, LLP
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