SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100,000 From Investment In BancorpSouth, I...
August 08 2014 - 10:30PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that a class action lawsuit has
been commenced in the United States District Court for the Middle
District of Tennessee, Nashville Division, on behalf of purchasers
of BancorpSouth, Inc. (“Bancorp” or the “Company”) (NYSE: BXS)
securities during the period between January 8, 2014 and July 21,
2014, inclusive (the “Class Period”).
If you have suffered a loss from investment in BancorpSouth
securities purchased on or after January 8, 2014 and held through
the revelation of negative information during and/or at the end of
the Class Period, as described below, and would like to learn more
about this lawsuit and your ability to participate as a lead
plaintiff, without cost or obligation to you, please visit our
website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. No class has yet been certified in the above action.
Members of the Class will be represented by the lead plaintiff and
counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than
September 29, 2014 and be selected by the Court. The lead plaintiff
will direct the litigation and participate in important decisions
including whether to accept a settlement and how much of a
settlement to accept for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the
largest loss from investment in Company units during the Class
Period.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the defendants’
failure to disclose during the Class Period that BancorpSouth’s
operations and credit practices violated the Bank Secrecy Act
(“BSA”) and federal anti-money-laundering programs, that the
Company’s lending practices were not in compliance with the
regulations promulgated by the Consumer Financial Protection
Bureau, and, that as a result of the forgoing BancorpSouth’s
financial statements were materially false and misleading.
According to the complaint, following the Company’s July 21,
2014 press release announcing that federal bank regulators had
identified concerns regarding the Company’s procedures, systems and
processes related to certain of its compliance programs, including
its Bank Secrecy Act and anti-money-laundering programs, the value
of BancorpSouth shares declined significantly.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If you
choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be
a member of the class.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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