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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of First NBC Bank Holding Co. (NASDAQ: FNBC) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of First NBC Bank Holding Co. (NASDAQ: FNBC) concerning whether a series of statements by First NBC Bank Holding Co. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 16, 2016, First NBC Bank Holding Co. revealed that it would be unable to timely file its Form 10-K for the year ended December 31, 2015, as a result of errors in its accounting for its Federal and State Historic Rehabilitation tax credit entities and evaluation of its accounting for certain other matters. The Company also stated its preliminary earnings release issued February 1, 2016 should not be relied on.
Following this news, NASDAQ: FNBC shares declined over 21% on March 16, 2016.
Based in New Orleans, Louisiana, and founded in 2006 First NBC Bank Holding Co. provides financial services for businesses, institutions, and individuals.
If you purchased shares of First NBC Bank Holding Co. (NASDAQ: FNBC) on or before March 16, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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