March 09, 2023
A shareholder suit alleging that the directors of Fifth Third Bancorp covered up abusive sales practices was permanently thrown out after an Illinois federal judge found that the investors, for the second time, failed to show that board members are too conflicted to make independent decisions.
March 31, 2022
An Illinois federal judge on Thursday tossed a shareholder suit accusing current and former directors of Fifth Third Bancorp of covering up "abusive" sales tactics at its subsidiary Fifth Third Bank, finding the investors didn't show that presuit demand on the directors would have been futile.
March 23, 2021
Fifth Third Bancorp's officers and directors asked an Illinois federal judge Monday to toss shareholder litigation accusing them of covering up "abusive" sales tactics at its subsidiary Fifth Third Bank that resulted in the opening of unauthorized accounts.
July 14, 2020
Fifth Third Bancorp's officers and directors covered up "abusive" sales tactics at its subsidiary Fifth Third Bank that resulted in the opening of unauthorized accounts and exposed consumers to "unnecessary risks," according to a shareholder derivative suit filed in Illinois federal court Monday.