The Brualdi Law Firm, P.C. Announces Class Action Lawsuit Against BancorpSouth, Inc.
May 14 2010 - 6:00PM
The Brualdi Law Firm, P.C. announces that a lawsuit has been
commenced in the United States District Court for the Middle
District of Tennessee on behalf of purchasers of BancorpSouth, Inc.
("BancorpSouth") (NYSE:BXS) stock during the period between July
23, 2009 and February 25, 2010, inclusive (the "Class Period") for
violations of the federal securities laws.
No class has yet been certified in the above action. Until a
class is certified, you are not represented by counsel unless you
retain one. If you purchased BancorpSouth common stock during
the Class Period and wish to move the court for appointment of lead
plaintiff, you must do so by July 12, 2010. A lead plaintiff
is a representative party acting on behalf of other class members
in directing the litigation. The lead plaintiff will be selected
from among applicants claiming the largest loss from investment in
the Company during the Class Period. You do not need to seek
appointment as a lead plaintiff in order to share in any
recovery.
To be a member of the class you need not take any action at this
time, and you may retain counsel of your choice. If you wish to
discuss this action or have any questions concerning this Notice or
your rights or interests with respect to these matters, please
contact David Titus at The Brualdi Law Firm, P.C. 29 Broadway,
Suite 2400, New York, New York 10006, by telephone toll free at
(877) 495-1187 or (212) 952-0602, by email to
dtitus@brualdilawfirm.com or visit our website at
http://www.brualdilawfirm.com.
The complaint charges BancorpSouth and certain of its officers
and directors with violations of the Securities Exchange Act of
1934. BancorpSouth is a financial holding company.
The complaint alleges that during the Class Period, defendants
issued materially false and misleading statements regarding the
Company's business and financial results and engaged in improper
behavior that harmed BancorpSouth's investors by failing to
disclose the extent of seriously delinquent commercial real estate
loans and construction and land loans. The Company also failed to
adequately and timely record losses for its impaired loans, causing
its financial statements to be materially false. As a result of
defendants' false statements, BancorpSouth's stock traded at
artificially inflated prices during the Class Period, reaching a
high of $25.13 per share on October 14, 2009.
The Brualdi Law Firm, P.C. is a New York, New York-based law
firm that dedicates its practice to vigorous representation of
shareholders and investors in litigation nationwide, with a
particular emphasis on sophisticated class action litigation in the
securities and antitrust areas, as well as corporate derivative
suits. More information about the firm is available through its
website, www.brualdilawfirm.com, and upon request from the
firm.
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
CONTACT: The Brualdi Law Firm, P.C.
David Titus, Esq.
(212)-952-0602
(877)-495-1187
dtitus@brualdilawfirm.com
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