The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Hanmi Financial Corporation (NASDAQ: HAFC) who purchased shares between August 12, 2019 and January 28, 2020. The action, which was filed in the United States District Court for the Central District of California, alleges that the Company violated federal securities laws.
In particular, the Hanmi Financial Corporation lawsuit alleges that (1) the $40.7 million troubled loan that the Company disclosed on conference calls would necessitate further and future specific provisions for the Company – in the millions; (2) the same $40.7 million troubled loan would necessitate the Company to appraise and take personal property securing a portion of the amount of the loan; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
Shareholders have until May 26, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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