NEW
YORK, June 9, 2023 /PRNewswire/ -- Jakubowitz
Law announces that an investigation into potential securities
fraud allegations has commenced on behalf of
shareholders of Texas Capital Bancshares, Inc. (NASDAQ: TCBI)
To be contacted by a member of our team, fill out the
form:
https://claimyourloss.com/securities/texas-capital-class-action-loss-submission-form/?id=40551&from=4
Further details on the investigation: On March 29, 2021, shares of Texas Capital stock
dropped 13% on unusually heavy trading volume as prime brokers
associated with now-defunct family office, Archegos Capital
Management, unwound large U.S. stock positions linked to the fund.
A Bloomberg article published on November
16, 2021 detailed how Archegos built up a previously
undisclosed position equal to 20% of Texas Capital prior to the
margin calls that forced Archegos' liquidation. According to the
article, Texas Capital was aware of the large position held by
Archegos while it raised additional capital from investors in
February 2021.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law