LOS ANGELES, CA / ACCESSWIRE / April 5, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Eagle Bancorp, Inc. ("the Company") (NASDAQ: EGBN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares are encouraged to contact the firm.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. On December 1, 2017, Aurelius Value published a report stating that it had uncovered evidence of an insider loan scheme involving Eagle Bancorp Chairman and Chief Executive Officer Ronald D. Paul and certain of the Company's Board members. The report stated, in part, that "insiders treat Eagle as their own private piggy bank." The report further stated that Eagle Bancorp insiders enrich themselves by carving out undisclosed special deals in which members of Eagle Bancorp's management personally benefit from customer relationships. When the truth was revealed to the investing public, shares fell, causing shareholders harm.
The Schall Law Firm represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
Schallfirm.com
SOURCE: The Schall Law Firm
