INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Cadence Bancorporation
September 05 2019 - 8:00PM
Business Wire
The law firm of Kirby McInerney LLP is investigating potential
claims against Cadence Bancorporation (“Cadence” or the “Company”)
(NYSE: CADE). This investigation concerns whether Cadence has
violated federal securities laws and/or engaged in other unlawful
business practices.
On July 22, 2019, the Company disclosed that “higher credit
costs including net charge-offs of $18.6 million and loan
provisions of $28.9 million” negatively impacted its second quarter
2019 financial results. On this news, the price of Cadence share
fell $3.75 per share, or over 19%, to close at $15.86 per share on
July 22, 2019.
If you acquired Cadence securities, have information, or would
like to learn more about these claims, please contact Thomas W.
Elrod of Kirby McInerney LLP at 212-371-6600, by email at
investigations@kmllp.com, or by filling out this contact form, to
discuss your rights or interests with respect to these matters
without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20190905006037/en/
Kirby McInerney LLP Thomas W. Elrod, Esq., (212) 371-6600
investigations@kmllp.com www.kmllp.com
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