|By Marketwired .||
|August 22, 2014 05:47 PM EDT||
NEW YORK, NY--(Marketwired - August 22, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in BancorpSouth, Inc. ("BancorpSouth" or the "Company") (NYSE: BXS) of the September 29, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against BancorpSouth and certain executives.
A complaint has been filed in the Middle District of Tennessee on behalf of all persons who purchased or otherwise acquired BancorpSouth securities between January 8, 2014 and July 21, 2014, inclusive (the "Class Period").
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, BancorpSouth made false and/or misleading statements and/or failed to disclose that: (i) the Company's operations and credit practices were in violation of the Bank Secrecy Act ("BSA") as well as federal anti-money-laundering programs; (ii) BancorpSouth's lending practices did not comply with the regulations promulgated by the Consumer Financial Protection Bureau; and (iii) regulatory scrutiny into the Company's lending practices could imperil BancorpSouth's ability to finalize recently announced mergers with Ouachita Bancshares Corp and Central Community Corporation.
On July 21, 2014, the Company issued a press release disclosing that the Company had learned that federal bank regulators identified concerns regarding BancorpSouth's procedures, systems and processes in connection with certain of its compliance programs, including its BSA and anti-money-laundering programs.
On this news, shares of BancorpSouth fell $1.90, or over 8%, to close at $21.51 on July 22, 2014.
Request more information now by clicking here: www.faruqilaw.com/BXS. There is no cost or obligation to you.
If you invested in BancorpSouth stock or options between January 8, 2014 and July 21, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/BXS. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding BancorpSouth's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
Jul. 24, 2016 01:30 AM EDT Reads: 1,119
Jul. 24, 2016 01:15 AM EDT Reads: 864
Jul. 24, 2016 01:15 AM EDT Reads: 1,214
Jul. 23, 2016 11:45 PM EDT Reads: 1,212
Jul. 23, 2016 11:15 PM EDT Reads: 1,856
Jul. 23, 2016 11:00 PM EDT Reads: 2,231
Jul. 23, 2016 10:15 PM EDT Reads: 2,440
Jul. 23, 2016 09:30 PM EDT Reads: 1,949
Jul. 23, 2016 08:45 PM EDT Reads: 1,660
Jul. 23, 2016 08:30 PM EDT Reads: 1,779
Jul. 23, 2016 08:30 PM EDT Reads: 2,028
Jul. 23, 2016 08:00 PM EDT Reads: 2,418
Jul. 23, 2016 08:00 PM EDT Reads: 1,800
Jul. 23, 2016 07:15 PM EDT Reads: 1,875
Jul. 23, 2016 07:00 PM EDT Reads: 884
Jul. 23, 2016 06:15 PM EDT Reads: 824
Jul. 23, 2016 06:00 PM EDT Reads: 1,897
Jul. 23, 2016 05:30 PM EDT Reads: 1,728
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, discussed how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technologi...
Jul. 23, 2016 05:00 PM EDT Reads: 942
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Jul. 23, 2016 04:00 PM EDT Reads: 1,990