SUNTRUST BANKS Zeldes Haeggquist & Eck, LLP, a shareholder and consumer rights litigation firm has commenced an investigation into possible breaches of fiduciary duties and other violations of law by certain officers and directors at SunTrust Banks, Inc. (“SunTrust” or the “Company”).
SunTrust (NYSE: STI) is a bank holding company headquartered in Atlanta, Georgia. On June 17, 2014, it was announced that SunTrust agreed to pay $968 million in fines and consumer relief to settle state and federal investigations into alleged abusive mortgage practices. Shortly thereafter, on July 3, 2014, SunTrust’s subsidiary, SunTrust Mortgage, agreed to pay $320 million to settle claims asserted by the United States Attorney for the Western District of Virginia alleging that SunTrust Mortgage harmed customers seeking mortgage loan payment modifications under the United States government’s Home Affordable Modification Program (“HAMP”).
What You Can Do
If you are a long-term shareholder of SunTrust Banks, Inc., you may have legal claims against certain of the Company’s officers and directors. If you would like additional information regarding this investigation, or if you have information regarding the matters under investigation, please contact attorney Amber L. Eck at (619) 342-8000 or via email at ambere@zhlaw.com.
About Zeldes Haeggquist & Eck LLP
Zeldes Haeggquist & Eck is a full-service law firm which brings major class actions nationwide on behalf of defrauded investors and consumers and handles a variety of complex business litigation matters. Please visit www.zhlaw.com or our blog for more information about the firm.
