NEW
YORK, May 5, 2023 /PRNewswire/ -- Jakubowitz Law
announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Horizon Bancorp, Inc.
(NASDAQ: HBNC).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/horizon-class-action-loss-submission-form/?id=38884&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Horizon between March 9,
2022 and March 10, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
June 20, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Horizon Bancorp, Inc. issued
materially false and/or misleading statements and/or failed to
disclose that: (i) the Company maintained deficient internal
accounting controls relating to its classification of certain loan
balances and securities; (ii) as a result of the foregoing
deficiencies, throughout 2022 the Company issued quarterly
financial statements containing errors that would require
subsequent revision; (iii) restatement of the foregoing financial
statements would hinder the Company's ability to timely file its
annual report for 2022; and (iv) as a result, the Company's public
statements were materially false and misleading at all relevant
times.
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