RADNOR, Pa., Nov. 29, 2016 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a shareholder class action lawsuit has been filed against Opus Bank (Nasdaq: OPB) ("Opus" or the "Company") on behalf of purchasers of the Company's securities between July 28, 2014 and October 17, 2016, inclusive (the "Class Period"). Investors who purchased Opus securities during the Class Period may, no later than December 27, 2016, petition the Court to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this action please visit https://www.ktmc.com/new-cases/opus-bank#join. Opus shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP ( Darren J. Check, Esq., D. Seamus Kaskela, Esq. or Adrienne O. Bell, Esq.) at (888) 299-7706 or at firstname.lastname@example.org. Opus provides banking products and services to small and mid-sized companies, entrepreneurs, real estate investors, professionals and high net worth individuals. The complaint alleges that, throughout the Class Period, Opus and certain of its executive officers made materially false and/or misleading statements and/or failed to disclose to investors: (1) that certain of the Company's loans were of poor quality; (2) that the Company was over-representing the quality of the loans to the public; (3) that, as such, the Company failed to properly account for the loans in violation of Generally Accepted Accounting Principles; (4) that, as a result, the Company would be forced to recognize large charge-offs associated with the loans; and (5) that the Company lacked adequate internal controls over accounting and financial reporting. The complaint further alleges that, as a result of the foregoing, the defendants' positive statements about the Company's business, operations and prospects were false and misleading and/or lacked a reasonable basis.