INVESTOR ALERT: Tostrud Law Group, PC Announces Investigation of Hanmi Financial Corporation (HAFC) on Behalf of Investors
March 06 2020 - 1:00PM
Business Wire
Tostrud Law Group, PC announces an investigation on behalf of
Hanmi Financial Corporation (“Hanmi” or the “Company”) (NASDAQ:
HAFC) investors concerning the Company and its officers’ possible
violations of federal securities laws.
On January 28, 2020, Hanmi issued a press release announcing the
Company’s financial results for the 2019 fiscal fourth quarter.
Therein, Hanmi reported net income of $3.1 million for fourth
quarter 2019, which included “a $6.9 million specific provision for
loan and lease losses related to [a] previously identified $39.7
million troubled loan relationship.” According to Hanmi’s President
and Chief Executive Officer Bonnie Lee, “[w]ith the loans
comprising this relationship maturing on December 31, 2019, [Hanmi]
received current appraisals on the personal property securing the
relationship and ha[s] provided for a specific allowance at the
lower range of the appraised values.”
On this news, the Company’s share price fell $1.77, or over 9%,
to close at $16.99 per share on January 29, 2020, on usually heavy
trading volume.
If you purchased Hanmi securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Jon A. Tostrud of Tostrud
Law Group, PC by telephone at (310) 278-2600, toll-free at (855)
854-8678, or by email to shareholder@tostrudlaw.com, or visit our
website at http://tostrudlaw.com/.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200306005421/en/
Tostrud Law Group, PC Jon A. Tostrud, Esquire 1925 Century Park
East, Suite 2100 Los Angeles, CA 90067 310-278-2600 855-854-8678
shareholder@tostrudlaw.com http://tostrudlaw.com/
Hanmi Financial (NASDAQ:HAFC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hanmi Financial (NASDAQ:HAFC)
Historical Stock Chart
From Jul 2023 to Jul 2024