Fifth Third Bancorp Shareholder Investigation

Fifth Third Bancorp Shareholder Investigation Into Management Misconduct And The Stock Drop

Squitieri & Fearon, LLP is investigating claims that the Board of Directors and officers of  Fifth Third Bancorp (NASDAQ: FITB) were derelict in their duties in allowing employees to corruptly cross-sell services to Fifth Third’s existing account holders by signing them up for costly and unwanted additional services and accounts so that employees and managers could meet quotas for new business.  Managers and officers were rewarded through compensation bonuses for such illegal cross selling. This conduct appears to have started as early as 2008 and continued through at least 2016, despite the fact that by 2010 Fifth Third’s “whistleblower” line had logged numerous complaints and credible reports of corrupt practices.

Now, Fifth Third has been charged by the Consumer Financial Protection Bureau with violating at least a half dozen federal laws in a lawsuit filed in the United States District Court in Illinois.

As a result of Fifth Third’s conduct and the federal agency lawsuit, Fifth Third‘s stock price has dropped approximately 20% and Fifth Third is threatened with fines and other penalties by the CFPB. In addition, Fifth Third has paid bonus compensation to its managers and executive officers that was earned as a result of the illegal practices.

Squitieri & Fearon, LLP is investigating claims to hold the directors and officers accountable for their conduct and dereliction of duties and harm to Fifth Third.

If you suffered losses on your investments you may be eligible to receive compensation through a class action lawsuit. Please contact Lee Squitieri by e-mail at or by phone at (212) 421-6492.  You can also complete the following form and someone from the firm will contact you.

Fifth Third Bancorp Shareholder Investigation

    Any information that you submit will be maintained as confidential. If Squitieri & Fearon, LLP, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Squitieri & Fearon, LLP will contact you to discuss the matter and whether to establish an attorney client relationship.