An investigation on behalf of current long term investors in Horizon Bancorp, Inc. (NASDAQ:HBNC) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/21/2023 -- An investigation was announced for current long-term investors in shares of Horizon Bancorp, Inc. (NASDAQ: HBNC) concerning potential breaches of fiduciary duties by certain directors of Horizon Bancorp, Inc.
Investors who are current long term investors in Horizon Bancorp, Inc. (NASDAQ: HBNC) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: HBNC stocks follows a lawsuit filed against Horizon Bancorp, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: HBNC stocks, concerns whether certain Horizon Bancorp, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that the Company maintained deficient internal accounting controls relating to its classification of certain loan balances and securities, that as a result of the foregoing deficiencies, throughout 2022 the Company issued quarterly financial statements containing errors that would require subsequent revision, that the restatement of the foregoing financial statements would hinder the Company's ability to timely file its annual report for 2022, and that as a result, the Company's public statements were materially false and misleading at all relevant times..
Those who purchased shares of Horizon Bancorp, Inc. (NASDAQ: HBNC) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.