INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Provident Bancorp, Inc. and Encourages Investors with Losses to Contact the Firm
The Californer/10220083

LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Provident Bancorp, Inc. ("Provident" or "the Company") (NASDAQ: PVBC) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Provident announced on November 15, 2022, that it would fail to file its quarterly financials for Q3 while also disclosing an estimated net loss of about $27.5 million. The Company blames its losses on "due to the recent decline in the cryptocurrency mining industry." Based on this news, shares of Provident fell by almost 22% on the next day.

More on The Californer

• Two Long Beach COVID-19 Testing and Vaccine Clinics to Relocate and Expand Operations
• Moorpark College to Launch Bachelor's Degree in Applied Biomanufacturing
• LA County Launches Fair Chance Hiring Program to Give System-Impacted Individuals an Equal Chance at Employment
• Workforce Development Board of Ventura County Invites Public Comments On Regional And Local Plans
• SUNCITY ADVISING Selected To Be A Part Of Google Ads Planning Advisory Council

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

More on The Californer

• My Lineage Proudly Supports Knights of Heroes
• Long Beach: City Announces Visual Improvement Grants Available for Small Businesses Impacted by Crime and Vandalism
• Kettering College Selects YuJa Enterprise Video Platform to Serve Students Pursuing Health Science Education
• $10,000 Grant From Palm Springs Women In Film & Television!s Filmmakers Lab And Stage 32
• 10 reasons why its intelligent to work with a Shopify partner to build Shopify Websites

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contacts

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
Cell: 424-303-1964
info@schallfirm.com
www.schallfirm.com

---

Show All News | Report Violation