NASDAQ: EGBN Shareholder Notice: Update in Lawsuit against Eagle Bancorp, Inc. announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / October 29, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Eagle Bancorp, Inc. (NASDAQ:EGBN) shares.

Investors, who purchased shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) in March 2015 or earlier and continue to hold NASDAQ:EGBN shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 17, 2019, Eagle Bancorp, Inc disclosed rising legal costs stemming from ongoing internal and government investigations of "the Company's identification, classification and disclosure of related party transactions; the retirement of certain former officers and directors; and the relationship of the Company and certain of its former officers and directors with a local public official."

On July 24, 2019, a lawsuit was filed against Eagle Bancorp, Inc over alleged violations of Federal Securities Laws. The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that Eagle Bancorp's internal controls and procedures and compliance policies were inadequate, that the foregoing shortcoming created a foreseeable risk of heightened regulatory scrutiny and the need for the Company undertake its own internal investigations, and that as a result, the Company's public statements were materially false and misleading at all relevant times. The case is currently pending in New York.

Those who purchased Eagle Bancorp, Inc. (NASDAQ:EGBN) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.