Lawsuit for Investors in NASDAQ: OZK shares against Bank OZK announced by Shareholders Foundation
SAN DIEGO, Dec. 03, 2018 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Bank OZK (NASDAQ: OZK) shares. Investors in shares of Bank OZK (NASDAQ: OZK) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554. On October 19, 2018, Bank OZK announced its third-quarter earnings that missed expectations, including charge-offs of $45.5 million on two Real Estate Specialties Group credits for unrelated projects in South and North Carolina. Shares of Bank OZK (NASDAQ: OZK) declined from over $40 per share in September 2018 to as low as $24.15 per share on October 26, 2018. On October 26 2018, a lawsuit was filed against Bank OZK over alleged securities laws violations. The plaintiff claims that defendants failed to disclose to investors that Bank OZK lacked adequate internal controls to assess credit risk, that, as a result, certain of the Bank OZK’s loans posed an increased risk of loss, that certain substandard loans were reasonably likely to lead to charge-offs, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Those who purchased Bank OZK (NASDAQ: OZK) shares should contact the Shareholders Foundation, Inc. CONTACT:Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 email@example.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108 The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.