Notice to Investors of Hanmi Financial Corporation (NASDAQ: HAFC):

An update was announced in the lawsuit that was filed on behalf of investors in shares of Hanmi Financial Corporation (NASDAQ: HAFC).

The Shareholders Foundation has announced an update on the lawsuit filed against certain investors in shares of Hanmi Financial Corporation (NASDAQ: HAFC)

If you have purchased shares of Hanmi Financial Corporation (NASDAQ: HAFC), you have certain options to contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

On March 26, 2020, a lawsuit was filed against Hanmi Financial Corporation for alleged violations of federal securities laws. Plaintiff alleged that defendants made false and/or misleading statements and/or failed to disclose that the specified $40.7 million distressed loan would require additional and future specific provisions for the company – in the millions , that the specified $40.7 million distressed loan require the company to appraise and take personal property securing a portion of the loan amount, and that accordingly, the defendants’ statements regarding its business, operations and its views were materially false and misleading and/or lacked reasonable basis at all relevant times. When the real details entered the market, the lawsuit claims investors suffered damages.

On September 17, 2020, an Amended Complaint was filed and on November 2, 2020, the Defendants filed a motion to dismiss the Amended Complaint.

On March 17, 2021, the Court issued an order granting the defendants’ motion to dismiss, but allowed the complaint to be amended.

On April 6, 2021, a Second Amended Complaint was filed and on May 21, 2021, the Defendants filed a motion to dismiss the Second Amended Complaint.

On August 15, 2022, the Court issued an order denying the defendants’ motion to dismiss.

Those who have purchased shares of Hanmi Financial Corporation (NASDAQ: HAFC) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Office 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
Email: [email protected]

About the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claims filing service and investor advocacy group that researches shareholder issues and advises investors of shareholder lawsuits. securities, regulations, judgments and other legal news related to the stock / financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support and assistance to each shareholder. The Shareholders Foundation, Inc. is not a law firm. The referenced cases, investigations and/or settlements are not filed/initiated/reached and/or related to the Shareholders Foundation. The information is provided as a public service. It is not legal advice and should not be relied upon.

This press release was published on openPR.

Luisa D. Fuller