NEW YORK, July 25, 2019 /PRNewswire/ -- Bernstein
Liebhard LLP, a nationally acclaimed investor rights law firm,
announces that a securities class action lawsuit has been filed on
behalf of shareholders of Eagle Bancorp Inc., ("Eagle Bancorp" or
the "Company") (NASDAQ: EGBN) between March
2, 2015 and July 17, 2019,
both dates inclusive (the "Class Period"). The lawsuit was filed in
the United States District Court
for the Southern District of New
York and seeks to recover damages for Eagle Bancorp
investors under the Securities Exchange Act of 1934.
If you purchased Eagle Bancorp securities, and/or would like
to discuss your legal rights and options please visit Eagle
Bancorp Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877)
779-1414 or MGuarnero@bernlieb.com.
According to the lawsuit, the Defendants made materially false
and misleading statements regarding the Company's business,
operational and compliance policies. Specifically, Defendants made
false and/or misleading statements and/or failed to disclose that:
(i) Eagle Bancorp's internal controls and procedures and compliance
policies were inadequate; (ii) the foregoing shortcoming created a
foreseeable risk of heightened regulatory scrutiny and the need for
the Company to undertake its own internal investigations; and (iii)
as a result, the Company's public statements were materially false
and misleading at all relevant times.
On July 17, 2019, Eagle Bancorp
disclosed rising legal costs from ongoing internal and government
investigations of "the Company's identification, classification and
disclosure of related party transactions; the retirement of certain
former officers and directors; and the relationship of the Company
and certain of its former officers and directors with a local
public official."
On this news, Eagle Bancorp's stock price fell $14.30 per share, or 26.75%, to close at
$39.15 per share on July 18, 2019.
If you purchased EGBN securities, and/or would like to
discuss your legal rights and options please visit
https://www.bernlieb.com/cases/eaglebancorpinc-egbn-shareholder-class-action-lawsuit-fraud-stock-158/https://www.bernlieb.com/cases/eaglebancorpinc-egbn-shareholder-class-action-lawsuit-fraud-stock-158/ or
contact Matthew E. Guarnero toll
free at (877) 779-1414 or MGuarnero@bernlieb.com.
If you wish to serve as lead plaintiff, you must move the court
no later than September 23, 2019. A
lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation. Your ability to share in
any recovery doesn't require that you serve as lead plaintiff. If
you take no action, you may remain an absent class member.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times and listed in The
Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2019 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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SOURCE Bernstein Liebhard LLP