|Company Name||Eagle Bancorp|
|Class Period||March 2, 2015 to July 17, 2019|
|Motion Deadline||September 23, 2019|
|Court||United States District Court for the Southern District of New York|
Investors who purchased EGBN securities between March 2, 2015 and July 17, 2019, and are interested in learning about the case or serving as a lead plaintiff, are encouraged to submit your information below and learn more about the case. The lawsuit alleges that Eagle Bancorp violated the federal securities laws.
The lawsuit alleges that the Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false or misleading statements, or failed to disclose, that: (i) Eagle Bancorp’s internal controls and procedures and compliance policies were inadequate; (ii) the foregoing shortcoming created a foreseeable risk of heightened regulatory scrutiny and the need for the Company undertake its own internal investigations; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times. On July 17, 2019, Eagle Bancorp disclosed rising legal costs from ongoing internal and government investigations of “the Company’s identification, classification and disclosure of related party transactions; the retirement of certain former officers and directors; and the relationship of the Company and certain of its former officers and directors with a local public official.”
If you purchased Eagle Bancorp securities (NASDAQ ticker: EGBN) between March 2, 2015 and July 17, 2019 and are interested in the lead plaintiff process, please contact the Thornton Law Firm’s shareholder rights team by providing your contact information below. Interested shareholders have until September 23, 2019 to apply to be lead plaintiff. The class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Thornton Law Firm’s securities attorneys are highly experienced in representing individual shareholders and institutional investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. Thornton Law Firm is working with the F.D. Azar Law Firm in investigating this action. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
A class action lawsuit has been filed on behalf of investors in Eagle Bancorp (EGBN) securities.
Please use the form below to provide transaction information.