The Shuman Law Firm Announces Investigation of BancorpSouth, Inc.
March 12 2010 - 8:00PM
Business Wire
The Shuman Law Firm today announced that it is investigating
potential claims against BancorpSouth, Inc. (“BancorpSouth” or the
“Company”)(NYSE: BXS) relating to the Company’s announcement that
it would delay the filing of its annual report.
On February 25, 2010, BancorpSouth announced a delay in the
filing of its annual report because management had determined "that
certain asset quality indicators, including the allowance for
credit losses, and their impact on BancorpSouth's financial
statements for the quarter ended December 31, 2009 should be
further reviewed." The announcement also stated that the Company’s
financial statements for the quarter and year ended
December 31, 2009 will be adjusted prior to issuance of its
Form 10-K and that the adjustments are expected to decrease net
income. On this news, the company's stock price fell more than
13%.
If you purchased and/or own shares of BancorpSouth stock and are
interested in discussing your rights, or have information relating
to this investigation, please contact Kip B. Shuman or Rusty E.
Glenn toll free at (866) 974-8626 or email Mr. Shuman at
kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation,
concentrating its practice in securities class actions and
shareholder derivative actions.
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