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The Briscoe Law Firm, PLLC Investigates CVB Financial Corporation for Possible Breaches of Fiduciary Duties by Its Officers and

^{Published on 2010-08-31 08:00:24 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims available to purchasers of CVB Financial Corporation (aCVB Financiala or aCompanya) (NASDAQ: CVB) stock during the period of October 21, 2009 and August 9, 2010.

It has been claimed that during the class period, CVB Financial and certain of its officers and directors allegedly violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements regarding CVB Financiala™s: 1) purported success from integrations of acquired entities; 2) profitability; 3) internal operational and financial controls; 4) financial statements being prepared in accordance with GAAP and SEC rules; and 5) guidance and disclosure that CVB Financial was operating according to plan. Then, on August 9, 2010 CVB Financial revealed that the Company was the subject of an SEC investigation for possible accounting violations. On that same day, CVB Financiala™s stock price fell more than 22%.

If you currently own or purchased CVB Financial shares and would like additional information regarding this investigation, or if you have information regarding the allegations against CVB, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

[ The Briscoe Law Firm, PLLC ] is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique shareholder litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.