The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Eagle Bancorp, Inc. (NASDAQCM: EGBN) who purchased shares between March 2, 2015 and July 17, 2019. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the Eagle Bancorp, Inc. lawsuit alleges that (i) Eagle Bancorp’s internal controls and procedures and compliance policies were inadequate; (ii) the foregoing shortcoming created a foreseeable risk of heightened regulatory scrutiny and the need for the Company undertake its own internal investigations; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Shareholders have until September 23, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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