INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Bank OZK & Encourages Investors with Lo...
November 10 2018 - 8:49AM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Bank OZK (“Bank OZK” or “the Company”) (NASDAQ:OZK)
for violations of §§10(b) and 20(a) of the Securities Exchange Act
of 1934 and Rule 10b-5 promulgated thereunder by the U.S.
Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Bank OZK did not have appropriate internal
controls to review and assess risk in place. Due to the inadequacy
of the Company’s controls, its loans faced an increased risk of
loss. In fact, a portion of Bank OZK’s substandard loans were known
to be likely to face charge-offs. Based on these facts, the
Company’s public statements were false and materially misleading
throughout the class period. When the market learned the truth
about Bank OZK, investors suffered damages.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, 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 brian@schallfirm.com.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181110005019/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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