IMPORTANT AUGUST DEADLINE ALERT: The Schall Law Firm Encourages Investors in Arrow Financial Corporation with Losses of $100,000 to Contact the Firm

Saturday, 05 August 2023 07:47 AM

Topic: 

Class Action

LOS ANGELES, CA / ACCESSWIRE / August 5, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Arrow Financial Corporation ("Arrow" or "the Company") (NASDAQ: AROW) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

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Investors who purchased the Company's securities between March 12, 2022 and May 12, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before August 22, 2023.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Arrow failed to maintain internal controls on financial reporting. This failure would impair the Company's ability to file its financial statements in a timely manner. The Company suffered from an increased risk of being delisted by NASDAQ. The Company downplayed the significance of its failures and the risks they caused. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Arrow, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com

SOURCE: The Schall Law Firm