Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Equity Bancshares, Inc. (EQBK)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/17/2019 | 07:32pm EDT

NEW YORK, May 17, 2019 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Equity Bancshares, Inc. (“Equity Bancshares” or the “Company”) (Nasdaq: EQBK) in the United States District Court for the Southern District of New York on behalf of those who purchased or acquired the securities of Equity Bancshares between May 11, 2018 through April 22, 2019, inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder.

The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Equity Bancshares lacked adequate internal controls to assess credit risk; (2) certain of Equity Bancshares’ loans posed an increased risk of loss; (3) Equity Bancshares was reasonably likely to incur significant losses for certain substandard loans; and (4) as a result of the foregoing, defendants’ positive statements about Equity Bancshares’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm prior to the July 12, 2019 lead plaintiff motion deadline.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com.

Please visit our website at http://www.gme-law.com for more information about the firm.


© GlobeNewswire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
03:59pFIAT CHRYSLER AUTOMOBILES : 2019 FIA Formula One Grand Prix de Monaco – Race – Sunday
PU
03:58pAlgeria to block Total from buying Anadarko’s Algerian assets - minister
RE
03:58pKIB AWARDED AGAIN ISO 22301 : 2012 for business continuity management
AQ
03:44pCBOE GLOBAL MARKETS : Renault, Fiat Chrysler Have Discussed Merger of Equals
PU
03:18pAFCON : Super Eagles Supporters Club Fundraising For AFCON 2019 | 24/05/19
AQ
03:13pMASTERCARD : Dilyor Khakimov holds talks with the President of the MasterCard's division
AQ
03:10pFlame Tree gains Sh202m in land value
AQ
03:10pMARRIOTT INTERNATIONAL : Best Western, Marriott lead new hotel projects
AQ
03:10pNIC BANK : staff count up by 203 on new branches
AQ
03:09pSPEEDWAY MOTORSPORTS : Introduces Welcome Home Patriots Initiative
PU
Latest news "Companies"
Advertisement