NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of the securities of Eagle Bancorp, Inc. (NASDAQ: EGBN) resulting from allegations that Eagle Bancorp may have issued materially misleading business information to the investing public.
On December 1, 2017, Aurelius Value published a report stating that it has uncovered evidence of an insider loan scheme involving Eagle Bancorp Chairman and Chief Executive Officer Ronald D. Paul and certain Board Members. The report stated 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 where Eagle Bancorp’s management benefits personally from a customer relationship. On this news, shares of Eagle Bancorp fell $16.20 per share or over 24% from its previous closing price to close at $49.95 per share on December 1, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Eagle Bancorp investors. If you purchased shares of Eagle Bancorp, please visit the firm’s website at http://www.rosenlegal.com/cases-1250.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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