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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 Company (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 Company (NASDAQ: FNBC) concerning whether a series of statements by First NBC Bank Holding Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 11, 2015, First NBC revealed that it had identified errors in its accounting for certain of its tax entities investments in preparing its Form 10-Q for the quarter ended June 30, 2015. As a result, the bank will need additional time to complete and file its 10-Q with the SEC
After the release of this news, First NBC Bank shares fell $2.86, or 7.5%, to close at $35.30 on August 12, 2015.
Based in New Orleans, LA and founded in 2006, First NBC Bank Holding Company operates a bank holding company for First NBC Bank providing a range of financial services for businesses, institutions, and individuals. It also provides varying types of loans from commercial to consumer, savings and money market accounts, trust services, credit cards, and wire transfers.
If you purchased shares of First NBC Bank Holding Company (NASDAQ: FNBC) on or before August 11, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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