San Diego, CA -- (SBWIRE) -- 04/17/2018 -- An investigation was announced over potential securities laws violations by Eagle Bancorp, Inc. (NASDAQ:EGBN) in connection with certain financial statements.

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

The investigation by a law firm focuses on whether a series of statements by Eagle Bancorp, Inc. (NASDAQ:EGBN regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On December 1, 2017, Aurelius Value reported that it had uncovered evidence of an insider loan scheme involving the Chairman and CEO of Eagle Bancorp, Ronald D. Paul and other Board Members. The report stated that "insiders treat Eagle as their own private piggy bank", and continued to describe how Company insiders benefit by allocating undisclosed special deals where the Company's management benefits personally from a customer relationship.

Those who purchased shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com