Small Business – Cordele Dispatch

NEW YORK, April 09, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of LPL Financial Holdings Inc. (“LPL” or the “Company”) (NASDAQ: LPLA). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether LPL and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On March 23, 2023, the LPL issued a press release detailing “its monthly activity report for February 2023.” Among other items, LPL disclosed that its total net new assets plunged 40% to $5.2 billion in February vs. January and stalled from the same period a year ago. The Company’s total advisory and brokerage assets were $1.15 trillion at the end of February, down 1.5% from the end of January.

On this news, LPL’s stock price fell $11.88 per share, or 5.83%, to close at $192.00 per share on March 24, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is recognized as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:

Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980