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Did the Company’s Board of Directors breach their fiduciary duty by not guarding against money laundering in its business? U.S. Bancorp has agreed to pay the federal government $613 million to settle related criminal charges. The U.S. Justice Department said Minneapolis-based U.S. Bancorp “willfully” failed to maintain adequate safeguards against money laundering, leading the bank to miss suspicious transactions for a five-year period from 2009 to 2014.