BANK OZK SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Cla...
November 30 2018 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until December 26, 2018 to file
lead plaintiff applications in a securities class action lawsuit
against Bank OZK (NasdaqGS: OZK), if they purchased the Company’s
securities between February 19, 2016 and October 18, 2018,
inclusive (the “Class Period”). This action is pending in the
United States District Court for the Eastern District of
Arkansas.
Get Help
Bank OZK investors should visit us at
https://www.claimsfiler.com/cases/view-bank-ozk-securities-litigation
or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti,
LLC are available to discuss your legal options.
About the Lawsuit
Bank OZK and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
Bank OZK and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws. Specifically, the complaint alleges that
the Company failed to disclose that it lacked sufficient credit
risk assessment controls creating an increased risk of loss and
charge-offs, and as a result of the foregoing, the Company’s
statements were materially misleading and/or lacked a reasonable
basis.
On October 18, 2018, the Company disclosed that it had “incurred
combined charge-offs of $45.5 million on two Real Estate
Specialties Group credits” that it previously had classified as
substandard.
On this news, the price of Bank OZK’s shares plummeted.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. At
ClaimsFiler.com, investors can: (1) register for free to gain
access to information and settlement websites for various
securities class action cases so they can timely submit their own
claims; (2) upload their portfolio transactional data to be
notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick
& Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181130005552/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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