Equity Bancshares Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Equity Bancshares Inc |
Stock Symbol : | NASDAQ: EQBK |
Class Period Start: | 05/11/2018 |
Class Period End: | 04/22/2019 |
Lead Plaintiff motion: | 07/12/2019 |
Date Filed: | 05/13/2019 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the July 12, 2019 lead plaintiff deadline in a class action lawsuit filed against Equity Bancshares Inc (NASDAQ: EQBK) (“Equity” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Equity Bancshares Inc securities between May 11, 2018 and April 22, 2019, have until July 12, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Equity Bancshares Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company lacked adequate internal controls to assess credit risk; as a result, certain of the Company’s loans posed an increased risk of loss; as a result, the Company was reasonably likely to incur significant losses for certain substandard loans; and 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. On April 22, 2019, the Company reported a $4.1 million net loss for the first quarter of 2019, partly due to a $14.5 million impairment for loss against a credit relationship. Following this news, NASDAQ: EQBK fell $4.76, roughly 16.15%, to close at $24.71 on April 23, 2019. If you were negatively impacted by your investment in Equity Bancshares Inc securities between May 11, 2018 and April 22, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |