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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BancorpSouth Bank | NYSE:BXS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 28.76 | 0 | 01:00:00 |
NEW YORK, July 22, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of BancorpSouth, Inc. ("BancorpSouth" or the "Company") (NYSE: BXS). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.
The investigation concerns whether BancorpSouth and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On July 22, 2014, the Company announced in a Securities and Exchange Commission ("SEC") filing that BancorpSouth's acquisitions of a bank in Louisiana and one in Texas are being delayed because of federal inquiries into BancorpSouth's practices.
According to the Associated Press (AP), "In a news release, BancorpSouth said federal bank regulators have found problems with its compliance with the Bank Secrecy Act and programs to fight money laundering. BancorpSouth also said the federal Consumer Financial Protection Bureau is reviewing the bank's fair lending practices."
On this news, shares of BancorpSouth fell $1.81 per share to $21.60, or more than 7.71%, in intraday trading on July 22, 2014.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
SOURCE Pomerantz LLP
Copyright 2014 PR Newswire
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