NEW ORLEANS, Dec. 14, 2018 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until December 26, 2018 to file lead plaintiff applications in a securities class action
lawsuit against Bank OZK (NasdaqGS: OZK), if they purchased the Company’s securities between February 19, 2016 and October 18,
2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of
Arkansas.
Get Help
Bank OZK investors should visit us at https://www.claimsfiler.com/cases/view-bank-ozk-securities-litigation or call toll-free (844)
367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Bank OZK and certain of its executives are charged with failing to disclose material information during the
Class Period, violating federal securities laws.
Bank OZK and certain of its executives are charged with failing to disclose material information during the
Class Period, violating federal securities laws. Specifically, the complaint alleges that the Company failed to disclose that it
lacked sufficient credit risk assessment controls creating an increased risk of loss and charge-offs, and as a result of the
foregoing, the Company’s statements were materially misleading and/or lacked a reasonable basis.
On October 18, 2018, the Company disclosed that it had “incurred combined charge-offs of $45.5 million on two
Real Estate Specialties Group credits” that it previously had classified as substandard.
On this news, the price of Bank OZK’s shares plummeted.
The case is Colbert v. Bank OZK, et al., 18-cv-00793.
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share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to
gain access to information and settlement websites for various securities class action cases so they can timely submit their own
claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
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