A Signature Bank branch in Brooklyn, New York. Photo: Angus Mordant/Bloomberg A Signature Bank branch in Brooklyn, New York. Photo: Angus Mordant/Bloomberg

Pomerantz LLP has filed a proposed class-action suit against Signature Bank and its former executives in Brooklyn federal court, arguing that Signature downplayed the risks it faced from its involvement in the cryptocurrency industry.

The complaint, filed March 31 in the U.S. District Court for the Eastern District of New York, is at least the second proposed class action filed by Signature stockholders since regulators shut down the bank on March 12.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jane Wester

Jane Wester is a litigation reporter for the New York Law Journal. Email her at [email protected] or find her on Twitter @janewester.

News