SAN FRANCISCO, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP notifies investors in Bank OZK (NASDAQ: OZK) of the Firm’s ongoing investigation of possible securities fraud and the December 26, 2018 Lead Plaintiff deadline in the class action pending in the United States District Court for the Eastern District of Arkansas. If you purchased or otherwise acquired Bank OZK securities between February 19, 2016 and October 18, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/OZK
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
On October 18, 2018, Bank OZK and management announced disappointing Q3 2018 financial results. One analyst reportedly said, “[w]hile the company attributed the lack of benefit to lower LIBOR spreads, it is worth noting that it also received only a small benefit in Q2 when LIBOR was rising much faster than Fed funds.”
This news drove the price of Bank OZK shares down $9.22, or almost 27%, to close at $25.52 on October 19, 2018.
“We’re focused on investors’ losses, the extent to which management’s earlier statements about risks in the Company’s business may have been misleading, and the reasons management gave for the earnings miss,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Bank OZK should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email OZK@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000