Energy News / Shareholders Foundation, Inc.

NASDAQ:EGBN Investor Alert: Lawsuit Alleges Misleading Statements by Eagle Bancorp, Inc.

Via: ReleaseWire

Updated 11:15 AM CDT, Tue, August 06,2019

A lawsuit was filed on behalf of investors in Eagle Bancorp, Inc. (NASDAQ: EGBN) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 08/06/2019 -- An investor, who purchased shares of Eagle Bancorp, Inc. (NASDAQ: EGBN), filed a lawsuit against Eagle Bancorp, Inc over alleged Securities Laws violations.

Investors who purchased shares of Eagle Bancorp, Inc. (NASDAQ: EGBN) have certain options and for certain investors are short and strict deadlines running. Deadline: September 23, 2019. NASDAQ: EGBN investors should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

Bethesda, MD based Eagle Bancorp, Inc. operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. On July 17, 2019, Eagle Bancorp, Inc disclosed rising legal costs stemming from ongoing internal and government investigations of "the Company's identification, classification and disclosure of related party transactions; the retirement of certain former officers and directors; and the relationship of the Company and certain of its former officers and directors with a local public official."

The plaintiff claims that between March 2, 2015 and July 17, 2019, the Defendants made false and/or misleading statements and/or failed to disclose that Eagle Bancorp's internal controls and procedures and compliance policies were inadequate, that the foregoing shortcoming created a foreseeable risk of heightened regulatory scrutiny and the need for the Company undertake its own internal investigations, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Eagle Bancorp, Inc. (NASDAQ: EGBN) have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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Media Relations Contact
Michael Daniels
Email: Click to Email Michael Daniels